BizX Eyes Sizeable Share of Non-Cash Trade Worth AED5.5 Billion
The International Reciprocal Trade Organization (IRTA) estimates that trade occurring through reciprocal trade or barter companies has grown from AED30.3 billion in 2004 to AED44.1 billion in 2009/2010 . Approximately 100 reciprocal trade exchanges operate in Europe, the Middle East and Asia accounting for AED5.5 billion worth of trade. Corporate/hybrid exchange companies (in which there may be a cash/barter blend) account for a further AED7.3 billion worth of trade.
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