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Countertrade |
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Countertrade See: barter Countertrade The exchange of goods and services for other goods and services. Countertrade is relatively common in trade with or between cash-poor countries. Most economists estimate that countertrade accounts for between 20% and 25% of global trade volume. See also: Buyback, Switch trading, and Counter purchase. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Subsequently, the management of trade activities (documentation, payments, financing) are outlined, identifying intermediaries and countertrade issues. There is no agreed methodology on how to properly measure the service component in the economy (including government and public goods, rents, and barter or countertrade transactions). The unemployed exchange goods and services among themselves in a barter-like or countertrade system. |
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