A reciprocal trading agreement that includes a variety of transactions involving two or more parties.
an international barter transaction
International reciprocity. Usually dictated by the country into which a multi-national firm wants to make sales. Several forms include payment by goods (barter), agreements to purchase goods whose value equals a percentage of the value of those sold, payment for technology with the output of that technology, and local content requirements. In short, the requirements for reciprocal purchase activity in exchange for a sale.
Where the seller of goods receives payment in other than monetary form.
This refers to transactions involving the reciprocal sale or barter of goods of equal value.
The sale of goods or services that are paid for in whole or in part by the transfer of goods or services from a foreign country.
Any form of reciprocal or compensatory trade arrangement agreed between an exporter and a buyer.
A generic term encompassing export transactions where a sale to the purchaser is conditional upon a reciprocal purchase or undertaking by the exporters. Forms of these may include counterpurchase, barter, compensation or off-sets.
International trade in which the seller is required to accept goods or other instruments of trade in partial or whole payment for its products.
Similar to barter, countertrade is a form of exchange in which an exporter in one country accepts raw materials, equipment and technology from an importer in another country as payment for finished products. This type of trading is practiced especially by Communist countries but is gaining in use by China and in developing countries of South America and Africa. Countertrade also is a way to avoid reliance on tax haven operations for trading companies established in no-tax or low-tax countries so as to reduce burdensome taxes on profits. Countertrade arrangements may consist of counter purchase, reverse countertrade, buyback arrangements, switch transactions or swap deals.
A trade between two countries by which goods are exchanged for other goods rather than for hard currency.
The generic name for various forms of trade where goods are used to trade with rather than being simply bought or sold for cash.
Exchange of goods of equal value.
A reciprocal trading arrangement in which the seller is required to accept goods or other instruments or trade in partial or whole payment for its products. Common transactions include: barter, buyback, counterpurchase, offset requirements, swap, switch; or triangular trade, evidence, or clearing accounts.