COUNTERTRADE

Luis Pachón

María Camila Dávila Gallego

Jenny Alejandra Triana Ávila

International trade in which goods are exchanged for other goods, rather than for hard currency.

For instance Colombia needs rice from the United States, the United States needs electronics products from Japan and Japan needs coffee from Colombia.

Benefits

1. Only option.

2. Competition.

3. Foreign

4. Non-trade benefits. 

Risks

1.Disposal of goods.

2.Internal expertise.

3. Length of time. 

4. Results uncertain. 

Types of countertrade

Barter

Switch Trading

Counter Purchase

Buyback

Offset

Compensation Trade

Sources

Proexport. (n.d.). Proexport. Retrieved March 17, 2013, from www.proexport.com.co/sites/default/files/TLC%20Colombia%20-%20EE.UU%20-%20Agroindustria%20-%20Fasc%C3%ADculo%20-3.pdf

Counter trade - Wikipedia, the free encyclopedia. (n.d.). Wikipedia, thefree encyclopedia. Retrieved March 19, 2013, fromhttp://en.wikipedia.org/wiki/Counter_trade

Countertrade Definition | Investopedia. (n.d.). Investopedia - Educating the world about finance. Retrieved March 19, 2013, from http://www.investopedia.com/terms/c/coun

Government Barter & Countertrade - YouTube. (n.d.). YouTube. Retrieved March 19, 2013, from http://www.youtube.com/watch?v=wK2SCnhNdiA