countertrade Meaning in the Cambridge English Dictionary
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Meaning of “countertrade” in the English Dictionary

"countertrade" in Business English

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countertradenoun [U]

uk   us   /ˈkaʊntəˌtreɪd/
ECONOMICS a ​situation in which two countries ​tradegoods 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 from the Cambridge Business English Dictionary © Cambridge University Press)
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