Barter is the present and the future of international trade, especially for people who is starting in the import export business. Barter and more: Triangular operations.
27% of all Australian exports go to China; in fact, China is the largest trading partner of Australia.
Currently, Australian businesses can only buy the Chinese currency with American dollars, and Chinese need to do the same to pay in $AUD.
But Australia and China will sign a deal that will allow direct convertibility of the Australian dollar to the Chinese yuan, fostering even more the trade between both countries. New hedge for exporters, less risks, and obviously, less costs.
Australia will be after US and Japan (in this same year) the third country to secure direct convertibility with the Yuan.
Yuan should Internationalize much more, but China, by the moment, is far from that, direct conversion Yuan Euro don’t exist. It would be necessary a free conversion of Yuan to foster international trade.
In Sylodium (international trade directory) you can advertise for free your company or your project, at the intersection of cities and countries like, Canberra (Australia)- Beijing (China). Sydney (Australia) – Shanghai (China). Melbourne (Australia) – Hong Kong (China)….
