In the world of finance, countertrade refers to all foreign trade transactions where exporters commit to taking products from importers or their countries as payment for their exports. This is a common practice in trade with East European and less developed countries that struggle with foreign exchange and credit resources. Countertrade can take various forms such as barter, buy-back or compensation, counterpurchase, offset requirements, and swap. Each of these terms has its own specific meaning and application. Let's explore them further.
