IRTA is the only barter industry association that pro-actively advocates to preserve, protect and enhance the global barter industry,
IRTA’s forty-two years of advocacy accomplishments have been critical to the advancement of the barter and trade industry.
IRTA successfully lobbied U.S. Congress for trade exchanges to be recognized by the IRS as third party record keepers. The TEFRA Act was signed into law by President Reagan in 1982, and as a result effectively legitimized the barter industry in the U.S.
IRTA’s Global Board of Directors meets regularly to set strategies for the advancement of the barter and trade industry and to create innovative new programs. For instance, in 2015 IRTA submitted a comprehensive report on December 22nd, 2015 IRTA to the International Islamic Trade Finance Corporation, (the economic development arm of the Islamic Development Bank, IDB), titled “IRTA Report for the Development of an OIC Multi-Dimensional Credit Clearing/Counter Trade System.
Every Fall IRTA holds an Annual International Convention, either virtually, or near the U.S., as well as holding periodic European/Asian Chapter Conference meetings in Europe or Asia. IRTA also offers additional training and educational meetings in other regions around the world to educate and improve the professional competence of those in the Modern Trade and Barter Industry.