Meaning of “countertrade” in the English Dictionary

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"countertrade" in Business English

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countertradenoun [ U ]

uk /ˈkaʊntəˌtreɪd/ us

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” from the Cambridge Business English Dictionary © Cambridge University Press)