First barter company launched in Azerbaijan
The first-ever barter company, Azbarter LLC, has launched operation
in Azerbaijan. The company aims to research the needs of businesses
and facilitate purchases and sales of goods and services through
trade exchange
Khayal Mammadkhanly, Azbarter founder and president, says members of the organization will conduct exchange of commodities and services without using cash. According to him, companies will now be able to sell goods via barters, buy the needed goods and pay for services without having to spend cash, wasting time and storing their products in warehouses.
Global barter trade currently amounts to $400 billion a year, according to a report of the International Reciprocal Trade Organization (IRTA), the group that promotes equitable standards and governmental relations for the world barter industry.*
Khayal Mammadkhanly, Azbarter founder and president, says members of the organization will conduct exchange of commodities and services without using cash. According to him, companies will now be able to sell goods via barters, buy the needed goods and pay for services without having to spend cash, wasting time and storing their products in warehouses.
Global barter trade currently amounts to $400 billion a year, according to a report of the International Reciprocal Trade Organization (IRTA), the group that promotes equitable standards and governmental relations for the world barter industry.*
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