Countertrade transactions

Question

Quizplus · Accepted Answer

Countertrade transactions are not included in official trade statistics since they involve the exchange of goods and services without the use of currency. Countertrade can involve barter, offset, or counter-purchase agreements, and is often used to overcome currency barriers or to facilitate trade with countries with limited access to foreign currency. While countertrade can help balance trade between countries, it is not reflected in official trade statistics.

Countertrade Transactions