OFFSET AS AN ECONOMIC OPERATION AND A TRADE PRACTICE
Journal Title: Международный научный журнал "Интернаука" - Year 2017, Vol 1, Issue 10
Abstract
Offset agreements are widespread in sales of defense products. There is a steady tendency to increase their share as a percentage of world trade. Developed countries with well-established Defence Technological and Industrial Bases, use offset transactions to target activities to business organizations and countries with emerging economies use offset to gain military and commercial benefits. The following paper examines the offset as an economic operation which represents a wide range of industrial and trade practices.
Authors and Affiliations
N. H. Hristov, M. P. Georgiev
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