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
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.