Question

Difference between compensation trade and switch trade in tabular form

Answer 1

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In short, a goods-for-goods deal is countertrade. Unlike monetary trade, suppliers are required to take customers products for their use or for resale. ... Countertrade may involve several products, and such products may move at different points in time while involving several countries.

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Answer 2

Definition of Compensation Trade : The form of countertrade in which an incoming investment is repaid from the revenues generated by that investment.

Switch trade : Practice in which one company sells to another its obligation to make a purchase in a given country. 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.