Countertrade refers to any situation where a purchaser from a foreign country argues for a reduction in the terms of trade (especially with regards to export purchases).

Question

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Countertrade refers to an arrangement where goods or services are exchanged instead of money, due to restrictions or difficulties in using currency for international trade. It is not related to arguing for a reduction in the terms of trade.

Countertrade Refers to Any Situation Where a Purchaser from a Foreign