OFFSET AS AN ECONOMIC OPERATION AND A TRADE PRACTICE

Venelin Terziev¹*, Veselin Madanski², Marin Georgiev^3
1Corresponding Member of the Russian Academy of Natural History, Moscow Professor, Ph.D., D.Sc. (National Security), D.Sc. (Ec.), University of Rousse, Rousse, Bulgaria; National Military University, Veliko Tarnovo, Bulgaria; University of Telecommunications and Post, Sofia, Bulgaria, terziev@skmat.com
²Colonel Associate Professor, Ph.D., D.Sc. (National Security), National Military University, Veliko Tarnovo, Bulgaria, madansky@yahoo.com
³National Military University, Veliko Tarnovo, Bulgaria, clementon@abv.bg
*Corresponding author 

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.