Countertrade and Governments – Prime Financial Group

[vc_row full_width=”stretch_row” content_placement=”middle” css=”.vc_custom_1722780937502{margin-bottom: 0px !important;padding-top: 220px !important;padding-bottom: 220px !important;background-image: url(https://countertradec.com/wp-content/uploads/2024/08/Untitled-Design-2.jpg?id=84315) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}” el_class=”new-h1-style”][vc_column][vc_row_inner content_placement=”middle” el_class=”top-line”][vc_column_inner width=”5/12″ css=”.vc_custom_1461400763131{margin-right: -100px !important;padding-left: 190px !important;}” offset=”vc_col-xs-5 vc_hidden-xs”][vc_separator color=”custom” border_width=”2″ accent_color=”#ffffff”][/vc_column_inner][vc_column_inner width=”1/6″ offset=”vc_col-xs-2 vc_hidden-xs”][gem_icon pack=”elegant” centered=”1″ icon_elegant=”e031″ color=”#ffffff” icon_top_margin=”-20″][/vc_column_inner][vc_column_inner width=”5/12″ css=”.vc_custom_1461400779581{margin-left: -100px !important;padding-right: 190px !important;}” offset=”vc_col-xs-5 vc_hidden-xs”][vc_separator color=”custom” border_width=”2″ accent_color=”#ffffff”][/vc_column_inner][/vc_row_inner][gem_divider margin_top=”35″][gem_divider margin_top=”35″][gem_divider margin_top=”35″][gem_divider margin_top=”50″][vc_column_text css_animation=”none” css=”.vc_custom_1722780517798{margin-bottom: 70px !important;}”]

COUNTERTRADE & GOVERNMENTS

[/vc_column_text][gem_divider margin_top=”50″][gem_divider margin_top=”50″][gem_divider margin_top=”50″][gem_divider margin_top=”50″][vc_row_inner content_placement=”middle” el_class=”top-line2″][vc_column_inner width=”1/3″ css=”.vc_custom_1461400473402{margin-right: -100px !important;padding-left: 190px !important;}” offset=”vc_hidden-xs”][gem_divider margin_top=”-10″][vc_separator color=”custom” border_width=”2″ accent_color=”#ffffff”][/vc_column_inner][vc_column_inner width=”1/3″ offset=”vc_hidden-xs”][vc_custom_heading text=”Here’s What We Do Better” font_container=”tag:p|font_size:21|text_align:center|color:%23ffffff|line_height:25px” google_fonts=”font_family:PT%20Serif%3Aregular%2Citalic%2C700%2C700italic|font_style:400%20italic%3A400%3Aitalic”][/vc_column_inner][vc_column_inner width=”1/3″ css=”.vc_custom_1461400488970{margin-left: -100px !important;padding-right: 190px !important;}” offset=”vc_hidden-xs”][gem_divider margin_top=”-10″][vc_separator color=”custom” border_width=”2″ accent_color=”#ffffff”][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row full_width=”stretch_row_content” equal_height=”yes” css=”.vc_custom_1703367128604{margin-bottom: 0px !important;background-color: #08213e !important;}”][vc_column width=”1/2″ css=”.vc_custom_1712171146015{background-image: url(https://countertradec.com/wp-content/uploads/2024/04/DALL·E-2024-04-04-00.03.30-A-3D-rendering-of-a-global-countertrade-conference-featuring-international-organizations-multinational-companies-and-government-agencies-as-partner.webp?id=77382) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}”][gem_divider margin_top=”300″][/vc_column][vc_column width=”1/2″ disable_custom_paddings_tablet=”true” disable_custom_paddings_mobile=”true” css=”.vc_custom_1703367148497{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-right: 100px !important;padding-bottom: 0px !important;padding-left: 100px !important;}”][gem_divider margin_top=”50″ class_name=”divider-hidden”][vc_column_text css_animation=”none” css=”.vc_custom_1722209580012{margin-bottom: 60px !important;}”]

Why governments engage countertrade

[/vc_column_text][vc_column_text css_animation=”none”]Connecting with Countertrade offers governments comprehensive solutions to solve economic challenges and transform their economies. Countertrade helps control inflation by targeting a 2% rate, develop infrastructure at zero cost, pay off debts without depleting foreign exchange reserves, and achieve significant economic growth. It enables nations to increase their GDP by up to 25% annually, attract up to $2 trillion in foreign direct investment, enhance export capabilities, and boost export revenues by 500%. Countertrade diversifies trade, accesses hard currency, stimulates domestic production, promotes balanced trade, and facilitates technology transfer. By unlocking investment potential, improving economic capacity, and opening new markets, countertrade drives sustainable development and robust international trade relationships.[/vc_column_text][gem_button text=”CLICK HERE TO LEARN MORE” style=”outline” corner=”6″ size=”medium” border=”2″ icon_pack=”elegant” effects_enabled=”1″ link=”url:%2Fguaranteed-solutions-for-governments%2F|title:CLICK%20HERE%20TO%20LEARN%20MORE|target:_blank” text_color=”#00bcd4″ border_color=”#00bcd4″ hover_text_color=”#323236″ hover_background_color=”#00bcd4″][gem_divider margin_top=”50″ class_name=”divider-hidden”][/vc_column][/vc_row][vc_row full_width=”stretch_row_content” equal_height=”yes” content_placement=”middle” css=”.vc_custom_1707426576643{margin-bottom: 0px !important;padding-top: 150px !important;padding-right: 150px !important;padding-bottom: 150px !important;padding-left: 150px !important;background-image: url(https://countertradec.com/wp-content/uploads/2020/11/shutterstock_540657790.jpg?id=33150) !important;}”][vc_column css=”.vc_custom_1707426026145{background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}”][vc_column_text css_animation=”none”]

COUNTERTRADE AND GOVERNMENTS

[/vc_column_text][/vc_column][/vc_row][vc_row full_width=”stretch_row_content” equal_height=”yes” css=”.vc_custom_1617541891340{margin-bottom: 0px !important;background-color: #08213e !important;}”][vc_column width=”1/2″ disable_custom_paddings_tablet=”true” disable_custom_paddings_mobile=”true” css=”.vc_custom_1617541914520{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-right: 100px !important;padding-bottom: 0px !important;padding-left: 100px !important;background-color: #08213e !important;}”][gem_divider margin_top=”50″ class_name=”divider-hidden”][vc_column_text css_animation=”none” css=”.vc_custom_1709885623041{margin-bottom: 70px !important;}”]

US GOVERNMENT AND COUNTERTRADE

[/vc_column_text][vc_column_text css_animation=”none”]

[/vc_column_text][gem_divider margin_top=”50″][/vc_column][vc_column width=”1/2″ css=”.vc_custom_1712661611647{background-image: url(https://countertradec.com/wp-content/uploads/2024/03/US-GOVERNMENT-AND-COUNTERTRAD.jpg?id=74833) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}”][gem_divider margin_top=”500″][/vc_column][/vc_row][vc_row full_width=”stretch_row_content” equal_height=”yes” css=”.vc_custom_1617541891340{margin-bottom: 0px !important;background-color: #08213e !important;}”][vc_column width=”1/2″ css=”.vc_custom_1712661672145{background-image: url(https://countertradec.com/wp-content/uploads/2024/03/PHILIPPINE-GOVERNMENT-AND-COUNTERTRADE.jpg?id=74834) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}”][gem_divider margin_top=”500″][/vc_column][vc_column width=”1/2″ disable_custom_paddings_tablet=”true” disable_custom_paddings_mobile=”true” css=”.vc_custom_1617541914520{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-right: 100px !important;padding-bottom: 0px !important;padding-left: 100px !important;background-color: #08213e !important;}”][gem_divider margin_top=”50″ class_name=”divider-hidden”][vc_column_text css_animation=”none” css=”.vc_custom_1710179546971{margin-bottom: 60px !important;}”]

PHILIPPINE GOVERNMENT AND COUNTERTRADE

[/vc_column_text][vc_column_text css_animation=”none”]

The Philippine International Trading Corporation (PITC) stands at the forefront of managing countertrade operations in the Philippines, particularly those related to government procurement, including defense sectors. As a key player in countertrade and international trade, the PITC focuses on exports, trade services, and special trading agreements, striving to offer efficient, cost-effective procurement solutions to the government without imposing financial strains.

[/vc_column_text][gem_divider margin_top=”50″ class_name=”divider-hidden”][/vc_column][/vc_row][vc_row full_width=”stretch_row_content” equal_height=”yes” css=”.vc_custom_1617541891340{margin-bottom: 0px !important;background-color: #08213e !important;}”][vc_column width=”1/2″ disable_custom_paddings_tablet=”true” disable_custom_paddings_mobile=”true” css=”.vc_custom_1617541914520{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-right: 100px !important;padding-bottom: 0px !important;padding-left: 100px !important;background-color: #08213e !important;}”][gem_divider margin_top=”50″ class_name=”divider-hidden”][vc_column_text css_animation=”none” css=”.vc_custom_1710179764386{margin-bottom: 70px !important;}”]

UAE GOVERNMENT AND COUNTERTRADE

[/vc_column_text][vc_column_text css_animation=”none”]The U.A.E.’s offset program, known as the Tawazun Economic Program (TEP), employs Countertrade to bolster economic development and diversification efforts. This program mandates offset obligations for companies engaging in defense and government procurement contracts over $10 million. This strategic move aims to foster private sector growth, expand domestic industrial capabilities, and further economic diversification through structured countertrade mechanisms.[/vc_column_text][gem_divider margin_top=”50″][/vc_column][vc_column width=”1/2″ css=”.vc_custom_1712661737166{background-image: url(https://countertradec.com/wp-content/uploads/2024/03/UAE-GOVERNMENT-AND-COUNTERTRADE.jpg?id=74835) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}”][gem_divider margin_top=”500″][/vc_column][/vc_row][vc_row full_width=”stretch_row_content” equal_height=”yes” css=”.vc_custom_1617541891340{margin-bottom: 0px !important;background-color: #08213e !important;}”][vc_column width=”1/2″ css=”.vc_custom_1712661790923{background-image: url(https://countertradec.com/wp-content/uploads/2024/03/SAUDI-ARABIAN-GOVERNMENT-AND-COUNTERTRADE.jpg?id=74836) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}”][gem_divider margin_top=”500″][/vc_column][vc_column width=”1/2″ disable_custom_paddings_tablet=”true” disable_custom_paddings_mobile=”true” css=”.vc_custom_1617541914520{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-right: 100px !important;padding-bottom: 0px !important;padding-left: 100px !important;background-color: #08213e !important;}”][gem_divider margin_top=”50″ class_name=”divider-hidden”][vc_column_text css_animation=”none” css=”.vc_custom_1710179947979{margin-bottom: 60px !important;}”]

SAUDI ARABIAN GOVERNMENT AND COUNTERTRADE

[/vc_column_text][vc_column_text css_animation=”none”]

Saudi Arabia’s Offset Program, administered by the Saudi Arabian General Investment Authority (SAGIA), aims to stimulate domestic investment and foster the development of local industries through countertrade agreements, especially within the defense sector. The program’s objectives are to diversify the economic landscape, facilitate technology transfer, and create employment opportunities, with specific policies like enforcing 60 percent offsets on contracts valued at $10 million or more highlighting its strategic importance to the kingdom.

INDONESIAN GOVERNMENT AND COUNTERTRADE

[/vc_column_text][vc_column_text css_animation=”none”]In Indonesia, countertrade operations are managed by PT PPI (Perusahaan Perdagangan Indonesia), serving as the Implementing Agency / Assignee for the export and import of commodities. This is done in coordination with various entities to streamline countertrade activities. Moreover, the Indonesian Trade Promotion Center (ITPC), under the Ministry of Trade, plays a vital role in bolstering Indonesian exports and fostering trade partnerships, supporting the country’s countertrade practices.[/vc_column_text][gem_divider margin_top=”50″][/vc_column][vc_column width=”1/2″ css=”.vc_custom_1712661891922{background-image: url(https://countertradec.com/wp-content/uploads/2024/03/INDONESIAN-GOVERNMENT-AND-COUNTERTRADE.jpg?id=74837) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}”][gem_divider margin_top=”500″][/vc_column][/vc_row][vc_row full_width=”stretch_row_content” equal_height=”yes” css=”.vc_custom_1617541891340{margin-bottom: 0px !important;background-color: #08213e !important;}”][vc_column width=”1/2″ css=”.vc_custom_1712661952730{background-image: url(https://countertradec.com/wp-content/uploads/2024/03/CHINESE-GOVERNMENT-AND-COUNTERTRADE.jpg?id=74838) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}”][gem_divider margin_top=”500″][/vc_column][vc_column width=”1/2″ disable_custom_paddings_tablet=”true” disable_custom_paddings_mobile=”true” css=”.vc_custom_1617541914520{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-right: 100px !important;padding-bottom: 0px !important;padding-left: 100px !important;background-color: #08213e !important;}”][gem_divider margin_top=”50″ class_name=”divider-hidden”][vc_column_text css_animation=”none” css=”.vc_custom_1710228296202{margin-bottom: 60px !important;}”]

CHINESE GOVERNMENT AND COUNTERTRADE

[/vc_column_text][vc_column_text css_animation=”none”]

In China, the Ministry of Commerce (MOFCOM) plays a significant role in overseeing countertrade operations and offset programs as part of its strategic trade and procurement mechanisms. These initiatives are designed to facilitate the import of capital goods and finished products while promoting the export of consumer and semi finished goods to developed nations. Countertrade and offsets, under MOFCOM’s guidance, serve critical functions including addressing foreign exchange shortages, securing technology transfers, and supporting domestic industries.

AUSTRALIAN GOVERNMENT AND COUNTERTRADE

[/vc_column_text][vc_column_text css_animation=”none”]

Integral to the Australian government’s approach to international trade and offsets policy, countertrade activities are managed under the guidance of the Australian Trade and Investment Commission (Austrade). Tasked with promoting Australia’s economic growth through international trade and investment, Austrade plays a crucial role in the execution and management of countertrade practices, including the oversight of government-mandated countertrade (G M-C).

[/vc_column_text][gem_divider margin_top=”50″][/vc_column][vc_column width=”1/2″ css=”.vc_custom_1712662018546{background-image: url(https://countertradec.com/wp-content/uploads/2024/03/AUSTRALIAN-GOVERNMENT-AND-COUNTERTRADE.jpg?id=74839) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}”][gem_divider margin_top=”500″][/vc_column][/vc_row][vc_row full_width=”stretch_row_content” equal_height=”yes” css=”.vc_custom_1617541891340{margin-bottom: 0px !important;background-color: #08213e !important;}”][vc_column width=”1/2″ css=”.vc_custom_1712662078104{background-image: url(https://countertradec.com/wp-content/uploads/2024/03/SOUTH-KOREAN-GOVERNMENT-AND-COUNTERTRADE.jpg?id=74840) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}”][gem_divider margin_top=”500″][/vc_column][vc_column width=”1/2″ disable_custom_paddings_tablet=”true” disable_custom_paddings_mobile=”true” css=”.vc_custom_1617541914520{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-right: 100px !important;padding-bottom: 0px !important;padding-left: 100px !important;background-color: #08213e !important;}”][gem_divider margin_top=”50″ class_name=”divider-hidden”][vc_column_text css_animation=”none” css=”.vc_custom_1710180935524{margin-bottom: 60px !important;}”]

SOUTH KOREAN GOVERNMENT AND COUNTERTRADE

[/vc_column_text][vc_column_text css_animation=”none”]

The Defense Acquisition Program Administration (DAPA) in South Korea oversees the Countertrade and offsets (aka Industrial Cooperation), with a particular emphasis on the defense sector. The country has embarked on numerous offset projects, highlighting its commitment with 42 projects amounting to USD 771.8 million in recent records. Countertrade and offsets reflect South Korea’s ambition to stimulate industrial and technological growth through strategic defense procurement initiatives.

SINGAPORE GOVERNMENT AND COUNTERTRADE

[/vc_column_text][vc_column_text css_animation=”none”]

The Singapore Trade Development Board has initiated a Countertrade Services Unit aimed at positioning Singapore as a premier hub for countertrade services. This unit is dedicated to bolstering Singapore’s presence in the international trade arena by facilitating countertrade transactions, where goods or services are exchanged directly for other goods or services, bypassing traditional currency-based transactions.

[/vc_column_text][gem_divider margin_top=”50″][/vc_column][vc_column width=”1/2″ css=”.vc_custom_1712662142140{background-image: url(https://countertradec.com/wp-content/uploads/2024/03/SINGAPORE-GOVERNMENT-AND-COUNTERTRADE.jpg?id=74841) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}”][gem_divider margin_top=”500″][/vc_column][/vc_row][vc_row full_width=”stretch_row_content” equal_height=”yes” css=”.vc_custom_1617541891340{margin-bottom: 0px !important;background-color: #08213e !important;}”][vc_column width=”1/2″ css=”.vc_custom_1712662208901{background-image: url(https://countertradec.com/wp-content/uploads/2024/03/SOUTH-AFRICAN-GOVERNMENT-AND-COUNTERTRADE.jpg?id=74842) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}”][gem_divider margin_top=”500″][/vc_column][vc_column width=”1/2″ disable_custom_paddings_tablet=”true” disable_custom_paddings_mobile=”true” css=”.vc_custom_1617541914520{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-right: 100px !important;padding-bottom: 0px !important;padding-left: 100px !important;background-color: #08213e !important;}”][gem_divider margin_top=”50″ class_name=”divider-hidden”][vc_column_text css_animation=”none” css=”.vc_custom_1710228524625{margin-bottom: 60px !important;}”]

SOUTH AFRICAN GOVERNMENT AND COUNTERTRADE

[/vc_column_text][vc_column_text css_animation=”none”]

South Africa administers its countertrade and offsets through the Industrial Participation (IP) policy, effective for all government procurements. This approach requires a countertrade/offset agreement for state and parastatal procurements, including goods, services, and lease contracts exceeding $10 million. The Department of Trade and Industry (DTI) oversees the implementation of these offset programs for government expenditures. Integral to this policy is the National Industrial Participation Program (NIPP), which imposes offset obligations on all significant imports. The primary objectives of this policy include fostering local economic growth, bolstering the defense sector, and attracting foreign investment.

[/vc_column_text][gem_divider margin_top=”50″ class_name=”divider-hidden”][/vc_column][/vc_row][vc_row full_width=”stretch_row_content” equal_height=”yes” content_placement=”middle” css=”.vc_custom_1616460069889{margin-bottom: 0px !important;background-color: #08213e !important;}”][vc_column width=”1/2″ disable_custom_paddings_tablet=”true” disable_custom_paddings_mobile=”true” css=”.vc_custom_1616460083313{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-right: 100px !important;padding-bottom: 0px !important;padding-left: 100px !important;background-color: #08213e !important;}”][gem_divider margin_top=”50″ class_name=”divider-hidden”][vc_column_text css_animation=”none” css=”.vc_custom_1710228683755{margin-bottom: 60px !important;}”]

CANADIAN GOVERNMENT AND COUNTERTRADE

[/vc_column_text][vc_column_text css_animation=”none”]

Countertrade is integral to Canada’s defense and government procurement, overseen by Innovation, Science and Economic Development Canada (ISED). At the heart of this initiative is the Industrial and Technological Benefits (ITB) Policy, which mandates that defense and security contract awardees engage in equivalent business activities within Canada. This policy leverages countertrade to stimulate economic growth, fostering investments that drive innovation and industrial advancement throughout the country. ISED annually reports on the ITB Policy, highlighting the economic gains and innovations spurred by countertrade activities.

[/vc_column_text][gem_divider margin_top=”50″][/vc_column][vc_column width=”1/2″ css=”.vc_custom_1712662258337{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;background-image: url(https://countertradec.com/wp-content/uploads/2024/03/CANADIAN-GOVERNMENT-AND-COUNTERTRADE.jpg?id=74843) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}”][gem_divider margin_top=”500″][/vc_column][/vc_row][vc_row full_width=”stretch_row_content” equal_height=”yes” css=”.vc_custom_1617541891340{margin-bottom: 0px !important;background-color: #08213e !important;}”][vc_column width=”1/2″ css=”.vc_custom_1712662304952{background-image: url(https://countertradec.com/wp-content/uploads/2024/02/row-image-960-x-960-5.jpg?id=69254) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}”][gem_divider margin_top=”500″][/vc_column][vc_column width=”1/2″ disable_custom_paddings_tablet=”true” disable_custom_paddings_mobile=”true” css=”.vc_custom_1617541914520{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-right: 100px !important;padding-bottom: 0px !important;padding-left: 100px !important;background-color: #08213e !important;}”][gem_divider margin_top=”50″ class_name=”divider-hidden”][vc_column_text css_animation=”none” css=”.vc_custom_1710234451733{margin-bottom: 60px !important;}”]

GLOBAL COUNTERTRADE OVERVIEW

[/vc_column_text][vc_column_text css_animation=”none”]

Countertrade is employed by 150 countries to facilitate exchanges that bolster domestic industries’ international competitiveness, balance trade, preserve currency reserves, or stimulate economic growth. Given Countertrade’s extensive operations worldwide, many nations have established Countertrade agencies. While the impact, influence, and operations of Countertrade span across 150 countries, detailing each country’s engagement with Countertrade exceeds this page’s space limits.

[/vc_column_text][gem_divider margin_top=”50″ class_name=”divider-hidden”][/vc_column][/vc_row][vc_row full_width=”stretch_row_content” css=”.vc_custom_1710110326559{margin-bottom: 0px !important;padding-right: 15% !important;padding-left: 15% !important;background-image: url(https://countertradec.com/wp-content/uploads/2024/02/shutterstock_540657790back-ground.jpg?id=71991) !important;}”][vc_column][gem_divider margin_top=”70″][gem_divider margin_top=”70″][vc_column_text css_animation=”none” css=”.vc_custom_1722780841183{margin-bottom: 20px !important;}”]

CLICK HERE FOR GOVERNMENT SOLUTIONS

[/vc_column_text][gem_divider margin_top=”70″][gem_divider margin_top=”70″][/vc_column][/vc_row][vc_row full_width=”stretch_row_content” equal_height=”yes” css=”.vc_custom_1690967864398{margin-top: 0px !important;margin-right: 0px !important;margin-bottom: 0px !important;margin-left: 0px !important;padding-top: 0px !important;padding-right: 100px !important;padding-bottom: 0px !important;padding-left: 100px !important;background-image: url(https://countertradec.com/wp-content/uploads/2023/07/Shutterstock_573713440-1.jpg?id=57225) !important;}”][vc_column][/vc_column][/vc_row]

Recent Posts

Recent Comments

Archives

Categories

+1866-994-5372