The Use of Countertrade: Advantages and Disadvantages for Companies

Claudia Lucreţia Burtescu (), Mihaela Dumitru and Maria-Daniela Bondoc
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Claudia Lucreţia Burtescu: University of Piteşti, Romania

Annals of the University of Petrosani, Economics, 2017, vol. 17, issue 1, 27-34

Abstract: When we refer to countertrade transactions, we talk, in fact, about the possibility to trade worldwide otherwise than by using the monetary element as trading tool. Countertrade transactions eliminate the shortcomings of currency deficiencies, regardless of the cause element. The main objective, worldwide, is to support and increase the efficiency of export and especially that of those countries overproduction is very common. This activity has a number of advantages and disadvantages, which have grown continuously, with an increasing coverage area, being expressed in various forms, supported, in their turn, by a variety of bodies. The problems approached in this article focus on these aspects, as well as on the connections between them and aim, among others, to review the forms of these trade operations and to highlight their advantages and disadvantages.

Keywords: countertrade; transactions; offset; parallel transactions; buy-back (search for similar items in EconPapers)
JEL-codes: F13 L14 M52 P33 (search for similar items in EconPapers)
Date: 2017
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