In barter countertrade buyers and sellers directly exchange goods, with no money and no third party involved.
The first form of countertrade is bartering. It is the straight exchange of items of equivalent worth without the payment of money. A trade is the term used to describe the bartering transaction. For instance, a bag of nuts could be exchanged for meat or coffee beans.
Countries with limited access to liquid resources can exchange commodities and services with other countries through countertrade. However, countertrade may use a monetary valuation for accounting purposes. Trade on a bilateral basis takes place between sovereign nations.
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