According to Todays Zaman, Turkey is looking to introduce some legislation aimed at assisting the barter industry in self-regulation. Since barter was introduced in Turkey in 1996, the industry has seen an explosive growth in the country, now topping 40 specialized barter exchanges.
According to one source, the Turkish barter sector is growing faster than 50% per year.
“The government should introduce legislation on barter as soon as possible, before more companies harm the trade with unfair practices. Turkey could adopt the system used in the US, one of the best examples in the global barter market. We need a supervisory body to follow developments in the market to prevent any possible misuse. Only in this way can we get rid of the rotten apples in the sector and eventually grow as an alternative to the banking sector in Turkey.”
See the full story at http://www.todayszaman.com/tz-web/news-208412-105-turkish-barter-market-eyeslegislation-for-healthy-growth.html
