Licensing occurs when a producer in one country makes an agreement with a manufacturer in another country specifying the right to sell the product on a royalty basis, to a specified market.

• 一个国家的生产商和另一个国家的制造商签订一个协议，规定以收取提成费的方式向某特定市场销售产品的权利，这时就发生了许可贸易证.