COUNTERTRADE PRACTICES IN EASTERN EUROPE, THE SOVIET UNION AND CHINA: AN INTRODUCTORY GUIDE FOR BUSINESS

Counter-trade, a practice indulged in particularly by communist nations, requires the exporter to accept certain goods of the importer in payment or partial payment for this product. The booklet explains that countertrade arrangements have found increasing acceptance with the communist countries in eastern Eurpoe and the Soviet Union, and that the People's Republic of China looms as a major prospect for sizeable countertrade transactions. Likewise, an increasing number of developing countries are imposing conditions on western exporters which link imports of foreign goods with exports of domestic products. The primary purpose of these demands is to reduce trade imbalances, foster exports and minimize the outflow of limited hard currency resources. The booklet also states that there are serious questions about the ability of countertrade to fulfill the economic expectations assigned to it by countries which impose this practice, and about the implications that this method poses to international trade practices.

  • Corporate Authors:

    Department of Commerce

    Industry and Trade Administration
    Washington, DC  USA  20231
  • Publication Date: 1980

Media Info

  • Pagination: n.p.

Subject/Index Terms

Filing Info

  • Accession Number: 00311599
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jun 9 1980 12:00AM