Active International, the world’s largest corporate trading firm, signed a new trade program that will enable the Instituto Agrario Dominicano (IAD), the Dominican Republic’s national agrarian organization, to trade commodities and finished products in exchange for vital equipment and services. The barter agreement underscores the incredible possibilities for world-changing events when a country takes a l onger cooperative view toward enhancing and leveraging what they have…to get what they want–an expanding infrastructure.

The IAD is an autonomous government agency formed by the Dominican Republic to improve the economic and social conditions of Dominican farmers and sustain the national agricultural economy. This is the first agreement of its kind forged between government and private enterprise in the Dominican Republic.

Under the agreement, the IAD will be able to leverage commodity and finished products such as tobacco, sugar, and cocoa to acquire equipment and services, including irrigation equipment, tractors, trucks, and energy generators, which will help to further enhance the economic base of the country. Members of the IAD will utilize their products as a currency to purchase critical infrastructure, equipment and services through Active, drastically reducing their cash expenditure.

“By working with Active, the Dominican Republic will be able to maximize the full value of our country’s rich agricultural commodities, while giving participating businesses a financial tool to acquire equipment and services critical to the growth of our country,” said Secretary of State and Director General of the IAD, Tomas Hernandez Alberto. “The Economic Development Program provides us with a unique opportunity to take advantage of the multiple benefits of international corporate trade.”

Active and the IAD will work together to determine the value of the products, which will be used as a form of payment in lieu of currency. In turn, Active will establish a trade bank which will be utilized to purchase infrastructure, equipment and/or services based on predefined requirements.

By working with Active, the IAD has access to new sales distribution channels for products that might otherwise go unsold, distribution of goods to a global marketplace, and the use of products to purchase desired business-related products, creating additional liquidity for the business community.


For more information on Active International see “Site Sponsors” at the top of the page.

This entry was posted on Thursday, July 26th, 2007 at 2:08 pm and is filed under Global Environment. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.