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English definition of “countertrade”

countertrade

noun [U]     /ˈkaʊntəˌtreɪd/
ECONOMICS a situation in which two countries trade goods and services for other goods and services, not for money: Countertrade is a useful way to arrange for the supply of exports to a country that does not have the resources to pay for them in hard currency.
(Definition of countertrade noun from the Cambridge Business English Dictionary © Cambridge University Press)
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