ABSTRACT
There is no universally accepted definition of countertrade. All countertraders have their own ideas. What is clear is that countertrade is used as an inclusive term for all forms of trading mechanisms involving an element of reciprocity. The sale of goods (tangible or intangible) to an export market is made conditional upon the importing country receiving a reciprocal benefit through a link being made, directly or indirectly, with purchases of its own products and resources.
