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How do you explain the use of countertrade? Under what scenarios might its useincrease further by 2020? Under what scenarios might its use decline?Countertrade is the barter-like agreement on which goods and services can be traded for other goods and services (Hill, 288). This is often a trade used when international sale is wished but the means of payment are in a rather difficult or nonexistent position. Countertrades allow a loophole from foreign exchange reserves to prevent any issues with the currency exchange that isnot able to be converted to an exporters home currency. Of course, with these issues any exporteris not going to wish to receive a currency that cannot be converted or will not equal value when converted so countertrade is a positive solution for both sides. While countertrade had been extremely popular in the 1960s for the old Soviet Union it has decreased to less than 5 percent in current trade markets.
Explanation:
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