The Ormita Commerce Network is inaugurating its activity in Israel. It is the world’s largest private multilateral reciprocal trading company, with no cash exchange – only goods.
The company currently operates in 54 countries and connects between 220,000 companies. Its turnover in 2012 totaled some $3.4 billion.
The company checks what each customer requires and has to offer.
For example, the company created a barter agreement between the Pakistan government, which supplied excess oranges, and China, which supplied in exchange agricultural machinery worth $120 million.
Ormita charges a 7% commission on the sale.
Source: Ynetnews.com
