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.
