Spanish: acuerdo de TOTEnglish translation: terms of trade agreement 
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Spanish to English translations [PRO]
Tech/Engineering - Engineering (general) | | Spanish term or phrase: acuerdo de TOT | En fase posterior, una vez introducido y validado el producto, el objetivo de XXX es poder fabricar en CHINA dichos productos. Para ello su propuesta es alcanzar un acuerdo de TOT, mediante pago de Licencia, para la fabricación de dichos equipos.
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| | | terms of trade agreement | Explanation:
Terms of trade
In international economics and international trade, terms of trade are the ratio of the price of an export commodity(s) to the price of an import commodity(s). "Terms of trade" are sometimes used as a proxy for the relative social welfare of a country, but this heuristic is technically questionable and should be used with extreme caution. An improvement in a nation's terms of trade is good for that country in the sense that it has to pay less for the products it imports, that is, it has to give up less exports for the imports it receives.
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| Selected response from:
 Maria Martinez
Netherlands
| Note from asker to answererThanks
4 KudoZ points were awarded for this answer |
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26 mins confidence:   peer agreement (net): +1 |
| terms of trade agreement
Explanation:
Terms of trade
In international economics and international trade, terms of trade are the ratio of the price of an export commodity(s) to the price of an import commodity(s). "Terms of trade" are sometimes used as a proxy for the relative social welfare of a country, but this heuristic is technically questionable and should be used with extreme caution. An improvement in a nation's terms of trade is good for that country in the sense that it has to pay less for the products it imports, that is, it has to give up less exports for the imports it receives.
Reference: http://en.wikipedia.org/wiki/TOT
| Maria Martinez
Netherlands
Works in field
Native speaker of:  Spanish
PRO pts in category: 53
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