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The Use of Countertrade: Advantages and Disadvantages for Companies

Author

Listed:
  • Claudia Lucreţia Burtescu

    (University of Piteşti, Romania)

  • Mihaela Iuliana Dumitru

    (University of Piteşti, Romania)

  • Maria Daniela Bondoc

    (University of Piteşti, Romania)

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.

Suggested Citation

  • Claudia Lucreţia Burtescu & Mihaela Iuliana Dumitru & Maria Daniela Bondoc, 2017. "The Use of Countertrade: Advantages and Disadvantages for Companies," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 17(1), pages 27-34.
    • Handle: RePEc:pet:annals:v:17:y:2017:i:1:p:27-34
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    References listed on IDEAS

    as
    1. Lucia PALIU - POPA, 2010. "Accounting treatments specific to counterpart commercial transactions," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 207-216, December.
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      More about this item

      Keywords

      countertrade; transactions; offset; parallel transactions; buy-back;
      All these keywords.

      JEL classification:

      • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
      • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
      • M52 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects
      • P33 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - International Trade, Finance, Investment, Relations, and Aid

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