Answer to Question #187713 in Marketing for Cris

Question

Give a countertrade scenario between 2 countrieS showcasing their nation's flag and countertrade relation.

Answer 1

Countertrade is a reciprocal form of international trade in which goods or services are exchanged for other goods or services rather than for hard currency. This type of international trade is more common in developing countries with limited foreign exchange or credit facilities. Countertrade can be classified into three broad categories: barter, counterpurchase, and offset.