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.

---

countertrade British  

/ ˈkaʊntəˌtreɪd /

noun

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

---

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

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

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

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