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Around The World. . .

  • Trade through barter encouraged...Mehmet Burkay, Bursa branch chairman of the Association of independent industrialists and businessmen (MUSIAD), said that a Foreign Trade Ministry should be founded in order for Turkey to increase its exports.

    He suggested that trade through barter be encouraged with neighboring countries such as Iran and Russia, which are in need of foreign exchange.

    For the list of five barter companies located in Turkey see:

  • Barter in Iran...Nearly 500 foreign and domestic companies have applied for a newly established Iranian Barter Market. It�s predicted that the market will be capable of handling up to 20% of the nation�s business affairs. Barter deals are expected to be carried out through bank drafts for safety and convenience.

  • Powerful megatrend to continue...The International Monetary Fund (IMF) says that China is the world�s leading economic powerhouse, pushing global growth to its highest pace since the early 1970s. It is anticipated that China will grow a whopping 10% this year, as well as another 10% next year. A growth that�s three times faster than the U.S., and far faster than any of the leading industrial nations in the world, including Japan, Germany, Britain, France, Italy and Canada.

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