Romania barters for world's goods
While more and more countries are pushing hard to increase exports on a cash-or-credit-for-goods basis, Romania is turning more and more to barter. According to its Trade Ministry, 30 percent of Romania's 1979 foreign sales were consummated this way. Now its agency exporters are proposing deals to the Western countries which could involve 100 percent payment by barter and which could, if accepted, increase the country's exchange-in-kind planning.
Economists point out these compensating proposals for food, goods, or services are the result of recent low-growth economic goals, the pressure of hard-currency debts, a negative trade balance, and new domestic oil shortages caused by Iran-Iraq cutoffs and requi ring high-priced sport market import substitutes.