The given statement is TRUE.
Explanation:
Counter-trading is the trade without money of products and services. It's a kind of bartering.
Counter-trade involves the exchange with other products or services, wholly or partially part, instead of money, of products or services. Nevertheless, a numerical value may be used for billing purposes in competitive trading. The word bilateral trade is often used in interactions between sovereign countries.
Enable trade in nations which can not pay for imports. This may occur, for example, from a lack of foreign exchange or commercial credit. Support the search for new export industries or boost domestic industry performance.