Оffset As An Economic Operation and a Trade Practice

Proceedings of ADVED 2017- 3rd International Conference on Advances in Education and Social Sciences 9-11, October 2017- Istanbul, Turkey; ISBN: 978-605-82433-0-9

6 Pages Posted: 12 Mar 2018

See all articles by Venelin Terziev

Venelin Terziev

Georgi Rakovski Military Academy, Sofia, Bulgaria

Veselin Madanski

Vasil Levski National Military University

Marin Georgiev

Kaneff University Hospital

Date Written: October 9, 2017

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.

Keywords: offset, defence, transaction, trade

JEL Classification: D00, D04, D30

Suggested Citation

Terziev, Venelin and Madanski, Veselin and Georgiev, Marin, Оffset As An Economic Operation and a Trade Practice (October 9, 2017). Proceedings of ADVED 2017- 3rd International Conference on Advances in Education and Social Sciences 9-11, October 2017- Istanbul, Turkey; ISBN: 978-605-82433-0-9, Available at SSRN: https://ssrn.com/abstract=3137784

Venelin Terziev

Georgi Rakovski Military Academy, Sofia, Bulgaria ( email )

Sofia, 1000
Bulgaria

Veselin Madanski

Vasil Levski National Military University

Veliko Tarnovo
Bulgaria

Marin Georgiev (Contact Author)

Kaneff University Hospital ( email )

Rousse
Bulgaria

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