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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Auditing and Financial Management: Uses and Limitations of Countertrade

Auditing and Financial Management: Uses and Limitations of Countertrade

U. S. Government Accountability Office (G

Paperback

General Political Science

ISBN10: 1289252890
ISBN13: 9781289252892
Publisher: Bibliogov
Published: Jul 29 2013
Pages: 22
Weight: 0.13
Height: 0.05 Width: 7.44 Depth: 9.69
Language: English
GAO discussed the different aspects of countertrade in the world trading system. GAO found that: (1) countertrade and other trading practices are viewed as marketing tools to help gain sales; (2) the United States generally views countertrade as contrary to open and free trading, but does not oppose U.S. business participation in countertrade unless the action could have a negative impact on national security; (3) although the current pilot barter program will barter surplus commodities for strategic and other materials for the national stockpile, initiating discussions with foreign governments for bartering agreements is difficult because of interdepartmental disagreements over reimbursement and accounting procedures; (4) although countertrade can balance exports with imports, countries do not gain because they forego foreign exchange earnings; and (5) while countertrade does not appear to offer many benefits for developed countries, it is usually better to make an export sale through countertrade than not to export at all.

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