Trade
Countertrade
Also known as: Compensatory trade, Reciprocal trade
An international trade modality where payment for goods is made wholly or partially with other goods or services instead of currency.
Also known as: Compensatory trade, Reciprocal trade
An international trade modality where payment for goods is made wholly or partially with other goods or services instead of currency.
Countertrade is a form of international trade where payment is made wholly or partially with goods or services instead of money. It is common in operations with countries that have exchange restrictions or currency shortages, and in large-scale government contracts.
Definitive Export
Customs regime allowing goods to leave the country to remain abroad indefinitely.
DocumentsCommercial Invoice
Document issued by the seller/exporter describing the goods sold, their price, terms of sale, and details of the parties involved.
ValuationTransaction Value
The price actually paid or payable for imported goods, adjusted as prescribed by the WTO Valuation Agreement. It is the primary method for determining customs value.
TradeFree Trade Agreement (FTA)
International agreement that eliminates or reduces tariffs and trade barriers between signatory countries.