On a smaller scale, suppliers work under concession contracts awarded by local governments, businesses or other property owners. This activity may include restaurants and retail outlets at major airports, vendors at public fairs or the sale of food and beverage stalls in public parks. People`s Republic of Bangladesh National List of Concessions -- (In English) Bangladesh People`s Republic National List of Concessions granted to the People`s Republic of China - National List of Concessions- (English) People`s Republic of China List of Special Concessions granted to least developed -- (English ) LDC States- (English) Tariff Reduction Schedule Of Lao PDR Under Asia-Pacific Trade Agreement - APTA-- Republic of Korea National List of Concessions- Republic of Korea List of Special Concessions on the list of Republic of Korea`s Special Concessions To the LaoY PDR -- Sri Lanka National Concession List -- Mongolia National Concession List -- "For the first time," Barnier said, the British government has "accepted a mechanism of unilateral measures," such as tariffs, where there were "systemic differences that distort trade and investment." The logical expansion of reciprocity is the development of a comprehensive customs union (for example. (B) which, through progressive reciprocal concessions, removes all tariffs and other restrictions between participating countries. The Asia-Pacific Trade Agreement (APTA), formerly the Bangkok Agreement, is a preferential tariff regime that aims to promote intra-regional trade by exchanging concessions agreed by member states. Its current members are Bangladesh, China, India, the Republic of Korea, the Lao People`s Republic and Sri Lanka. Mongolia has concluded bilateral negotiations on tariff concessions and is expected to become the seventh member. Concession agreements can also be used to manage risk. Suppose a country invests a significant amount in the production of a single product. In this case, that country will have a particular high risk in terms of the price of that commodity. For example, the Brazilian and Mexican governments have invested heavily in state-owned oil companies. The value of their assets and income fell significantly when the price of oil fell in 2020.
Countries that make concessions lose revenue from concession fees, but do not risk as much capital.