Exchange of goods between two parties under two distinct contracts expressed in monetary terms.
An agreement between two persons or companies to buy goods or services from each other, usually at different times. For example, Company A may buy goods from Company B in March, and then sell different goods to Company B in April. Counterpurchases are made for the mutual benefit of both companies.
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.
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.
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.
The rules would reportedly also limit foreign counter-purchases exclusively to defence-related products, as the European Union only permits member nations to pass protectionist measures for their defence industries.