IRTA INFORMATION
Cyber Barter Systems is a member of the International Recripical Trade Association.
What does this mean?
IRTA also provides a consumer protection program via its Ethics Complaint and resolution process, which is available to both IRTA members and non-IRTA members alike.
IRTA was responsible for the passage in 1982 in the U.S. of provisions in the Tax Equity and Fiscal Responsibility Act (TEFRA) which established barter exchanges on an equal footing with banks, savings institutions and credit card companies as third-party record keepers of financial transactions of taxpayers. IRTA retains a close relationship with the IRS to assure any potential new legislation is favorable to the barter industry and to assure the highest level of barter industry compliance with TEFRA.
As of 2024, IRTA has over 80 members in the commercial organized trade industry. Members of IRTA are from the U.S., Canada, Great Britain, Australia, China, Singapore, New Zealand, Italy, France, Brazil, Mexico, Turkey, Puerto, Thailand, the UK and Sardinia. Membership is open to any individual or firm who subscribes to the aims of IRTA and who has not been convicted of a serious criminal offense or was the subject of a civil judgment involving fraud. International trading firms, trade exchanges, corporate barter companies, counter-trade organizations, and governmental agencies or banks who have a keen interest in the barter industry, are all welcome to apply for membership in IRTA.
IRTA is governed by an 11-person Global Board of Directors which meets regularly to review IRTA’s progress and set new goals. An Annual Meeting of IRTA is held each year at the annual virtual or in-person at the annual convention., PCI Compliance. IRTA also maintains an active social media program in an ongoing effort to increase awareness of the benefits of organized trade both for IRTA members and the public at large.
IRTA is currently working with States in the U.S. that are looking at revising their financial regulations in response to the growth of crypto-currencies in the U.S. and worldwide, (see the Crypto-Currency section under the IRTA Library tab on this website). IRTA is pro-active with these jurisdictions so as to protect the barter industry against the adoption of any new statutory language that could potentially adversely affect the trade industry.
IRTA submitted research reports were prepared the International Islamic Trade Finance Corporation (ITFC), the development arm of the Islamic Development Bank, IDB) and the Department of Economic Development (DED) of the Government of Dubai, United Arab Emirates (UAE).
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