1887
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Production and Investment Related Countertrade

A common problem experienced by many developing countries, and many countries in sub-Saharan Africa in particular, is the lack of availability of products for export other than a very limited range of traditional export items. This is a general trading problem and also arises as a particular difficulty in countertrade matters. This may be illustrated by the example of Nigeria, which has been involved in a number of large oil barter deals and, at one time, suggested that some non-traditional export items might also be sourced by countertraders ; but oil accounts for well over 90 per cent of total exports from the country and relatively few alternative products at the requisite quality, quantity and price levels were available for procurement.

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