ECONOMICSasituationin which twocountriestradegoodsandservicesfor othergoodsandservices, not formoney:Countertrade is ausefulway toarrangefor thesupplyofexportsto acountrythat does not have theresourcestopayfor them in hardcurrency.(Definition ofcountertradefrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesofcountertrade
countertradeA large part ofcountertradehas involved sales of military equipment (weaponry, vehicles and installations).FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.More than 80 countries nowadays regularly use or requirecountertradeexchanges.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Countertrademay range from a simple barter between two countries to a complex web of exchanges that end up meeting the needs of all countries involved.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Exchange-value does not need to be expressed in money-prices "necessarily" (for example, incountertradewhere x amount of goods p are worth y amounts of goods q).FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.The volume ofcountertradeis growing.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.In 1972, it was estimated thatcountertradewas used by business and governments in 15 countries; in 1979, 27 countries; by the start of the 1990s, around 100 countries.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/countertrade##
