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N. K. Gupta posted an Question
June 29, 2021 • 16:15 pm 30 points
  • UGC NET
  • Commerce

Explain the turnkey projects and counter trade

explain the turnkey projects and counter trade. in internation business

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  • Sapare bhavani bai Best Answer

    Countertrade is a reciprocal form of international trade in which goods or services are exchanged for other goods or services rather than for hard currency. This type of international trade is more common in developing countries with limited foreign exchange or credit facilities. Turnkey (or turn-key) project is a term typically used with reference to construction projects for which the developer undertakes the whole responsibility from design to completion so that the building is available to the buyer in a ready-to-use condition.

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