S/B/24. Discussing the Reasons for the Growth of Counter-Trade

Today, international organisations are more likely to be engaged in counter-trade trading model than decades ago. Parts of the reasons are due to the financial ability of parties involved, law and regulation of different countries and economic issues. By adopting counter trade, organisations are able to develop new international market and reduce the risks of exploring this new market. Politically, many countries are in fact encouraging counter trade since it helps in minimising lost of jobs, establishing goodwill and accelerate country development. Strategically, counter trade also serves as a platform for organisations to gain a better understanding about the new market, to access better technologies and so on. The paper provides carefully examination over this increasingly popular trend.