Countertrade’s main attraction is that it can give a firm a way to fin

QUESTION

Countertrade’s main attraction is that it can give a firm a way to finance an export deal when other means are not available.

Indicate whether the statement is true or false.

ANSWER

TRUE
Countertrade’s main attraction is that it can give a firm a way to finance an export deal when other means are not available. Given the problems that many developing nations have in raising the foreign exchange necessary to pay for imports, countertrade may be the only option available when doing business in these countries