1. Buy back, also known as compensation trade, refers to that one party of the transaction promises to buy a certain amount of products produced by the machinery, equipment or technology while exporting machinery, equipment or technology to the other party.
2. This is the basic form of product repurchase.
3. Sometimes, the exporter of machinery or equipment can purchase other products provided by the importer through agreement between the two parties.
4. The method of repurchase is relatively simple, and is conducive to the cost accounting of enterprises. It is widely used.
