Countertrade: Policies and Practices in OIC Member Countries

IRTI in its research activities pays special attention to areas relating to promoting trade and economic cooperation among member countries. Countertrade was viewed in late Eighties by IRTI as a potential means of enhancing trade among member countries and of promoting economic cooperation among them. Looking at countertrade as a potential phenomenon, IRTI felt the need to create, among planners and policy makers, awareness about various facets of this mode of trade and to exchange ideas on the possibility of exploiting this mode for their mutual benefit. It was against this background that a seminar on “Countertrade Policies and Practices in OIC Member Countries” was organized by IRTI in December, 1989 in collaboration with the Middle East Trade and Export Center, Istanbul._x000D_ _x000D_ The specific objectives of this seminar were to study:_x000D_ _x000D_ 1. Theory and practice of countertrade (CT) and the role of different forms of CT mechanisms in international trade during the first part o