International trade terms wiki gaqyleca516654401
The terms of tradeTOT) is the relative price of imports in terms of exports , is defined as the ratio of export prices to import prices. It can be interpreted as the amount of import goods an economy can purchase per unit of export goods.
If your business is Trade Shows, Trade Solutions, Translation , Inspection, involves in foreign trade supply chain, Insurance, Customs, you will want to be part of the world largest international B2B trade community., Trade Finance, Trade Laws Terms of trade are defined as the ratio between the index of export prices , the index of import prices. This glossary is designed to help understanding of some of the terms used in the WTO , in international trade.