Purchasing Officer Question: Download Purchasing Officer PDF

Can you please explain the difference between counter trade & reciprocal trading?

Tweet Share WhatsApp

Answer:

Cash poor countries and organizations engage in counter trading by exchanging commodities of equal value. Counter trading offers cash poor countries and organizations greater access to the world markets by offering them an alternate method of acquiring goods. Reciprocal trading provides participating nations with equivalent competitive trading opportunities based on mutual agreements negotiated to adjust tariffs, duties, and customs restrictions in order to increase foreign trade and improve border-to-border relationships among participating countries.

Download Purchasing Officer PDF Read All 31 Purchasing Officer Questions
Previous QuestionNext Question
When contacting to supplier references, which are the questions should I ask that will elicit worthy information about the vendor?Described layman's interpretation of what is a CPM is in internet online advertising?