Countertrade
Countertrade
☑️ This definition is part of the content of Lawi's courses, guides, tools and other solutions and the world's leading and largest online law dictionary. It offers legal definitions, synonyms, word origins, translations, meanings, example sentences, and more. It is considered a trusted authority, a broad glossary of legal terms and an unsurpassed guide for professionals, students and researchers in any discipline related to law and, in general, to the social sciences. Do you like what you read? Can I ask a favor from you? Like and share it with your family and friends so that others can discover it too. If you have been forwarded this text, please subscribe here.
English Legal System: Countertrade
In the context of the English law, A Dictionary of Law provides the following legal concept of Countertrade:
A form of trading in which an exporter of goods or services undertakes to accept goods or services (rather than money) from the importer in exchange.
Countertrade in Global Commerce Policy
In this regard, countertrade is: a more sophisticated and sometimes highly complex form of barter trade. For example, a country may export coal and accept mining equipment in payment. No money changes hands in this transaction. The buyer of the coal then seeks to place it in a third market in exchange for payment or some other product. Goods to be traded in this way are usually valued in a third-country currency, e.g. Swiss Francs, for accounting purposes. Countertrade is an inefficient way to trade, but it has sometimes been attractive to countries experiencing severe foreign exchange shortages. See also compensation trade.[1]
Countertradein the wold Encyclopedia
For an introductory overview on international trade policy, see this entry.
Resources
Professional Content and Learning Tools
Lawi offers educational solutions and professional insight, integrating content, tools, and practical technology to promote lifelong learning, personal and professional improvement, and human progress through knowledge. Our collections feature resources and solutions from a wide range of subject areas, from management and finance to law and cybersecurity. This text is only a brief introduction. If you would like us to expand on this content, please let us know in the comments. If you’re finding our platform and publications valuable, share it with a colleague or friend, leave a comment and consider subscribing if you haven’t already (thanks!). There are group discounts, gift options, and referral bonuses available.
Notes and References
Dictionary of Trade Policy, "Countertrade" entry (OAS)
See Also
Hierarchical Display of Countertrade
Trade > Trade > Trading operation
Meaning of Countertrade
Overview and more information about Countertrade
For a more comprehensive understanding of Countertrade, see in the general part of the online platform.[rtbs name="xxx-xxx"]
Resources
Professional Content and Learning Tools
Lawi offers educational solutions and professional insight, integrating content, tools, and practical technology to promote lifelong learning, personal and professional improvement, and human progress through knowledge. Our collections feature resources and solutions from a wide range of subject areas, from management and finance to law and cybersecurity. This text is only a brief introduction. If you would like us to expand on this content, please let us know in the comments. If you’re finding our platform and publications valuable, share it with a colleague or friend, leave a comment and consider subscribing if you haven’t already (thanks!). There are group discounts, gift options, and referral bonuses available.
Translation of Countertrade
Spanish: Comercio de compensación
French: échange compensé
German: Kompensationshandel
Italian: Scambio di compensazione
Portuguese: Trocas compensadas
Polish: Handel kompensacyjny
Thesaurus of Countertrade
Trade > Trade > Trading operation > Countertrade