2. Barter is used for international trade between countries/companies as well. It is called countertrade. Read the article, “What is Counter Trade” HERE (Links to an external site.). Note: Countertrade between the Soviet Union and Pepsi is what gave Pepsi the sixth-largest navy in the world at that time (late 1980s). Story HERE (Links to an external site.).
3. Visit the Observatory of Economic Complexity website HERE (Links to an external site.). Identify a good/service that YOUR COUNTRY exports (other than petroleum products). Select carefully as you will need to determine the value of a unit of this good/service.
4. A buyer in YOUR COUNTRY wants to use countertrade with the good/service you selected above for export goods from YOUR STATE that have a landed cost of US$25,000. What quantity of good/service do you recommend the US company request from the buyer to get US$25,000 worth? Include information that supports your recommendation. No need to consider any extra costs for tariffs and shipping in your calculations, only the US$25,000.
My country: Ireland
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