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Ormita barter network making aliyah
World's largest private multilateral reciprocal trading company inaugurates activity in Israel
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.
