1. international trade by direct exchange of goods rather than by currency
Usage: business; economics

1. to engage in countertrade; to trade by direct exchange of goods
Usage: business; economics

Examples

• The oil-rich nation used countertrade to acquire military equipment.
• Many developing countries rely on countertrade agreements with their trading partners.
• The company decided to countertrade wheat for machinery instead of using cash.
• Countertrade became popular during periods of currency instability.
• The government signed a countertrade deal to exchange natural resources for technology.
• Small businesses sometimes countertrade services to reduce operating costs.