<Ul> <Li> Switch trading: Practice in which one company sells to another its obligation to make a purchase in a given country . </Li> <Li> Counter purchase: Sale of goods and services to one company in other country by a company that promises to make a future purchase of a specific product from the same company in that country . </Li> <Li> Buyback: occurs when a firm builds a plant in a country - or supplies technology, equipment, training, or other services to the country and agrees to take a certain percentage of the plant's output as partial payment for the contract . </Li> <Li> Offset: Agreement that a company will offset a hard - currency purchase of an unspecified product from that nation in the future . Agreement by one nation to buy a product from another, subject to the purchase of some or all of the components and raw materials from the buyer of the finished product, or the assembly of such product in the buyer nation . </Li> <Li> Compensation trade: Compensation trade is a form of barter in which one of the flows is partly in goods and partly in hard currency . </Li> </Ul> <Li> Switch trading: Practice in which one company sells to another its obligation to make a purchase in a given country . </Li> <Li> Counter purchase: Sale of goods and services to one company in other country by a company that promises to make a future purchase of a specific product from the same company in that country . </Li> <Li> Buyback: occurs when a firm builds a plant in a country - or supplies technology, equipment, training, or other services to the country and agrees to take a certain percentage of the plant's output as partial payment for the contract . </Li>

Countertrade involves trading products and services for other products and services