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compensatory trade

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The sale of goods and services between two countries for other goods or services instead of cash with one country consenting to import goods and services to a country from which it exports goods and services; for example, one country might trade oil for vehicles from another country. Also called countertrade.
  • ex works

  • letter of credi...

  • consignee

  • cost and freigh...

  • free on board (...

  • landed cost

  • bill of lading...

  • trade liberaliz...

  • credit

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