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Barter Activity Flourishing Around The Globe

  • Venezuela’s government has made the decision to barter millions-of-dollars worth of oil to thirteen other Latin American countries.
  • Malaysia and Indonesia are bartering palm oil in exchange for 18 Russian SU-30 jet fighter planes. (According to the Stockholm International Peace Research Institute, Russia was the most prolific exporter of armaments in 2002, racking up 36% of all global deliveries.)
  • Indonesia is building and then bartering a $300 million fertilizer plant in Vietnam, taking back rice and sugar in the exchange.
  • Oil-rich Libya is bartering fuel to Zimbabwe in exchange for beef, coffee and tea.

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