In a tariff concession,one country promises not to levy a tariff on a given product at a level higher than agreed upon.

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In a tariff concession, one country agrees to lower or eliminate a tariff on a specific product in exchange for a similar reduction or elimination of tariffs by the trading partner country. This agreement includes a commitment not to increase the tariff level on that product beyond the agreed-upon limit.

In a Tariff Concession,one Country Promises Not to Levy a Tariff