Counter-trade also occurs when countries do not have enough hard currency or when other types of trade in the market are impossible. In 2000, India and Iraq agreed on an oil-for-wheat and rice swap agreement, subject to United Nations approval under Article 50 of the UN Gulf War sanctions, which would deliver 300,000 barrels of oil per day to India at a price of $6.85 per barrel, while Iraqi oil sales to Asia were estimated at around $22 a barrel. In 2001, India agreed to exchange 1.5 million tonnes of Iraqi crude under the oil-for-food programme. Will the scientific environment in which the work is carried out contribute to the likelihood of success? Are the institutional support, equipment and other material resources made available to researchers appropriate for the proposed project? Will the project benefit from the unique characteristics of the scientific environment, the specialized populations or the cooperation agreement? For Phase I and Phase II accelerated applications, auditors consider the following: 1. Does the Phase I application specify clear, appropriate and measurable objectives (milestones) that should be achieved before the start of Phase II? 2. To what extent has the applicant been able to obtain expressions of interest, additional funding commitments and/or private sector resources or funding sources other than SBIR/STTR that would increase the likelihood of commercialization? A study by researchers at Duke University and Princeton University, published in the American Journal of Political Science, entitled « The Politics of Foreign Direct Investment into Developing Countries: Increasing FDI through International Trade Agreements, » examines foreign direct investment trends from 1970 to 2000 in 122 developing countries to assess the best conditions for attracting investment. The study found that the main factor contributing to the increase in FDI flows was the reform of domestic policies in terms of trade openness and participation in international trade agreements and institutions. The researchers conclude that while « democracy can be conducive to international cooperation, the strongest indicator of a higher inflow of foreign direct investment to developing countries was the number of trade agreements and institutions to which they had acceded. The REL Glossary and the SF424 (R&R) SBIR/STTR Application Guide provide details on these types of applications. A multinational (MNC) or a multinational company (MNE) is a company registered in more than one country or operating in more than one country. It is a large company that produces and sells goods or services in different countries. We can also talk about an international company. .