- Representing barter organizations
Description
Fostering reciprocal trade involves establishing mutually beneficial agreements and practices that ensure balanced exchange of goods and services between trading partners. This strategy aims to remedy trade imbalances, reduce dependency, and promote equitable economic growth by encouraging fair market access, removing discriminatory barriers, and supporting capacity-building in less developed economies. Practical actions include negotiating bilateral or multilateral trade agreements, implementing transparent trade policies, and facilitating technical cooperation to strengthen the foundations of sustainable, two-way commerce.
Implementation
There are over 600 commercial barter organizations in operation, with global volume of an estimated US$ 900 billion worldwide, growing at 15% per year (or 3 times faster than normal currency facilitated transactions).
Facilitates
UIA organization
Metadata
Database
Global strategies
Type
(D) Detailed strategies
Content quality
Yet to rate
Language
English
1A4N
J8590
DOCID
12085900
D7NID
201616
Editing link
Official link
Last update
Dec 3, 2024