On March 9 the festive closing of the short-range anti-aircraft system Mistral counter-purchase
contract took place, as the result of which 15 million euros' worth of foreign funds were invested in Estonia, reports National Broadcasting.
Some of the more popular ones are counter-purchase
, barter or compensation trade, buyback, offset, switch trading and evidence accounts.
Danish business minister Bend Bendtsen will reportedly force foreign arms producers to place billion-krone orders with Danish defence contractors as part of the new regulations requiring foreign weapons producers to place counter-purchase orders with Danish companies much faster than they do today.
NORDIC BUSINESS REPORT-28 May 2004-Danish business minister to force earlier counter-purchases on foreign arms producers - report(C)1994-2004 M2 COMMUNICATIONS LTD http://www.m2.com
The new rules would reportedly require many companies to complete their counter-purchases in Denmark within just a couple of years, instead of the current 5-8 years.
RI NEGOTIATING TEAM FOR RUSSIAN COUNTER-PURCHASE
. Indonesia and Russia are negotiating counter-purchase
plan and the number of commodities to be bartered with Sukhoi-30 fighters.
What seems to be a rare but most appropriate method of providing financial assistance is the creation of counter-purchase
agreements whereby shrimp exports are "traded" for commodities, equipment or services provided by multi-national corporations or other entities.
The cost for the new radar is 350 million kroons (22.4 million euros), with the radar manufacturer in a 'counter-purchase
' arrangement with Estonia.
When there is sudden, collective rush to sell billions of one currency and buy another, exchange rates can go down sharply, despite government counter-purchases
, as seen in the August devaluation of the renminbi.