countertrade

American  

[koun-ter-treyd] / ˈkaʊn tərˌtreɪd /

noun

1. trade, especially international trade, carried on for payment wholly or partially in goods instead of cash or credit.

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countertrade British  

/ ˈkaʊntəˌtreɪd /

noun

1. international trade in which payment is made in goods rather than currency

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verb

1. to buy or sell goods by countertrade

   countertrading weapons for coffee beans

Other Word Forms

• countertrader
  noun

Etymology

Origin of countertrade

First recorded in 1915–20; counter- + trade

Example Sentences

See Examples For:

countertrade

Despite its difficulties, countertrade appeals to a growing number of Western firms.

From Time Magazine Archive

Almost a fifth of General Electric's $4 billion in exports last year were under countertrade contracts.

From Time Magazine Archive

In just eight years, countertrade in all its forms has grown from an estimated 2% of world commerce to roughly 33%, according to Business Trend Analysts, a New York consulting firm.

From Time Magazine Archive

Complains Pompiliu Verzariu, a senior trade counselor with the Commerce Department: "U.S. exporters are willing to look at any options, even costly, inefficient op tions like countertrade, to do business."

From Time Magazine Archive

Welcome to countertrade, a modern form of bartering and one of the fastest growing ways of doing business around the world.

From Time Magazine Archive