Cross-border Barter Trade
Cross-border Barter Trade
Cross-border Barter Trade
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Barter trade is the abbreviation of such a mode of trading that realizes exchanges of import cargo and export cargo directly without currency as a payment medium. In China Customs Clearance Standardization Manual, barter trade has a “Regulatory Control Method” code of 0130.
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The value of barter trade has taken up 27% to 30% of total world trade value.
In terms of volume of business, in Australia, professional barter companies have achieved an estimated business volume of ten billion US Dollars per annum in their own barter trading ways.
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As a developing country, compared with the high developmental level of barter industry in Australia and the US, China has a great potential for further growth.
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1. Barter trade participants:
2. Background
3. Platform rules and Contract adjustment
4. Operation procedure
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