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European Barter Assembly To Make Historic Decisions

In addition to an ambitious agenda at the upcoming Paris Conference, where barter companies of Europe and Asia are meeting in May, the Assembly to decide whether to petition the European Commission to exempt trade clearinghouses from pending regulations of financial clearinghouses.

The draft regulations could be construed to cover trade companies by virtue of their use of trade credits, resulting in capital requirements that many trade companies would find difficult to meet. IRTA is also considering this matter.

The Assembly will also consider an action program to build strong relations with universities in Europe and Asia, concentrating on economics departments and business schools. It may additionally advance a cooperative program with business trade associations in each country. Thus to demonstrate the power and value of commercial exchanges for business in present economic conditions.

BarterNews will report on the outcome of these historic precedents in a future issue of the Tuesday Report.

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