Definitions for "COUNTERTRADE"
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.