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

Although some officials in Washington oppose countertrade on the grounds that it undermines free trade, the Government offers advice to U.S. firms on how to structure countertrade agreements.

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

Zenon Carnapas, head of the United Nations Conference on Trade and Development, says that countertrade deals are "a solution of last resort" for struggling LDCS.

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

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