1.How would you accomplish exposure netting with currencies to two countries that tend to go up and down together in value?
2.Developed country partners in countertrade contracts have had problems with quality and timely delivery of goods from the developing country partners. How are they trying to deal with those problems?
1) I would find a third country where the currency tends to move in an opposite direction.
2) think creatively. They are a myriad of remedies to deal with a trading partner that does not always act as one expect it should. International law and courts deal are often called to address contract disputes. Better-written contracts could assist the problem. etc.