Pakistan to engage in barter trade
03-06-2023
By Admin
Pakistan to engage in barter trade
Pakistan to engage in barter trade
Pakistan to engage in barter trade with Afghanistan, Iran and Russia for certain goods, including petroleum and natural gas. The order, called the Business-to-Business (B2B) Barter Trade Mechanism 2023 lists goods that can be bartered.
•Important for UPSC- B2B model
In this, the companies are doing business with each other. The final consumer is not involved. So the online transactions only involve the manufacturers, wholesalers, retailers etc.
Other e-commerce models- C2C, B2C, C2B