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POLICY FORMULATION AND ADVOCACY
Barter Trade: Why It Matters
Freedom from the complexities of the modern monetary systems. Issues on international trade such as foreign exchange crisis and adverse balance of payments do not exist in the barter system.
Barter Trade facilitates commodity flow and provides economic opportunities to island provinces of Basilan, Sulu, Tawi-Tawi, and mainland Mindanao
Proximity to BIMPEAGA countries makes it strategic in terms of trade and commerce
M
Trade
inDA facilitated the drafting of a Barter Trade Policy Study, including draft legal instruments in support to the issued Executive Order 64 Reviving Barter in Mindanao, and also created a Mindanao Barter Council (MBC). The MBC is tasked to issue a comprehensive guideline on governing barter including identification of goods to be traded. The study aims to provide evidence-based recommendations to the MBC as basis for policy and decision-making for the succeeding barter trade agreements and operations.
MinDA Accomplihsment Report 2019 | 4
