Definition of countertrade in English:

countertrade

noun

  • International trade by exchange of goods rather than by currency purchase.

    • ‘The purchase contracts provide for countertrade deals and spin-offs with South African companies.’
    • ‘Trade-related services involve not only letters of credit but handing trade documentation, on demand guarantees and countertrade.’
    • ‘Thus, he said, the only feasible way to learn about the market conditions in Russia and its companies was through government-initiated countertrade deals like the one involving the Russian aircraft and several Indonesian commodities.’
    • ‘The combat aircraft were bought through a countertrade deal for Indonesian products and commodities.’
    • ‘I was told by the President to look into the possibility of countertrade and I talked with the TNI chief and Air Force chief of staff.’

Pronunciation:

countertrade

/ˈkoun(t)ərˌtrād/