Barter
Activity Flourishing Around The Globe
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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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