Friday, 18 September 2020

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XXXVIII, No 15, 03/08/2020

Indonesia elevates use of barter payment terms

The Indonesian Ministry of Trade is considering the use of countertrade as a payment mechanism. The payment method will be used in co-operation with the MoD in deals with several “trading partner countries.” The minister said countertrade accelerates the transfer of technology and knowledge, increases production, and expands employment opportunities.

 

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