The weekly newsletter for everyone interested in barter--the world's most versatile business tool!
December 4, 2001
Commercial Barter Industry Grows By Double Digits For Record Third Year
Industry Trade Sector Poised To Grow By More Than 20% in 2002
The International Reciprocal Trade Association (IRTA), a trade group representing the worldwide barter industry, announced that the total value of products and services traded by businesses through barter companies is anticipated to reach $7.87 billion during 2001.
This is an increase from approximately $6.92 billion in 1999, and the third consecutive year the industry has seen over 12% growth. The increase marks the barter industry's growing appeal among business owners and professional firms looking to generate higher volumes of business, conserve cash for essential expenditures, exchange unproductive assets for valuable products or services, reduce unit costs, plus open new outlets for excess inventory and unused capacity.
"Faced with the new economic realities of worldwide excess capacity coupled with the economic downturn, barter is building momentum as a dynamic and powerful competitive tool that companies can use to gain new customers, save cash, and improve profits," declared Krista Vardabash, executive director of IRTA.
According to IRTA, the aggregate growth in barter activity is expected to swell 20% or more in 2002 as companies increasingly incorporate barter solutions to reach new outlets, ensure against unsold stocks, and finance larger advertising campaigns.
provided by IRTA.)
50-Year Cold War Adversary Becomes Ally
Russia has become a major ally in America's war on terrorism, and as the world's third-largest oil producer they'll provide the global economy with a diversity of energy supplies.
Under President Vladimir Putin, Russia is moving forward on its own. The revival started this year when Putin's government cut personal income taxes to a flat rate of 13%, and then passed a privatization reform that will allow the beginning of a normal market in non-agricultural land.
wants his country to join the World Trade Organization, as China
recently did after a 15-year effort, but Russian policies are a
long way from qualifying. The country has no functional banking
system, no dependable rule of law, and a legacy of default that
left private creditors caught in the 1998 crash lucky to get 50-cents
on the dollar.
Here And There. . .
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