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Balance of Concessions

An agreement in which one country reduces tariffs on its imports from another country in exchange for an equivalent, or at least similar, reduction from the second country. The balance of concessions is intended to stimulate international commerce between the two countries. It is also called reciprocity or simply a concession.


A mutual agreement to accept another's judgment on a matter.Some states offer reciprocity of real estate licensing,so that an agent or broker licensed in one state may become licensed in another without meeting the minimum education,testing,or apprenticeship requirements.

References in periodicals archive ?
Few studies have looked at the reciprocal relationship between parental monitoring and adolescent sexual risk behavior.
The proteins have a reciprocal relationship - they increase each other's production and stability in the cells - so the result is a snowball effect that Robison calls a feed-forward loop.
This reciprocal relationship is great for the Countryside Unit and for Cummins.
There should be a comprehensive approach for both mind and body This reciprocal relationship maximizes health benefits, and has exponentially positive consequences beyond the individual.
Through their work, the artists in this exhibition examine the reciprocal relationship between metaphors, research and methods.
The conference, organised by Konrad-Adenauer-Stiftung, a German think tank, and the College of Communication and Media Services of Zayed University aimed at exploring the reciprocal relationship between societal changes and the media.
In the early "90s, working with AIDS patients in New York I learned firsthand about the reciprocal relationship between listening and telling.
The reciprocal relationship is also an indicator of growing global Arab interest in Arab cinema.
We hope that this FSA serves to be a sturdy reciprocal relationship between both comrades and that both parties shall strictly abide by the mutually laid down terms and conditions.
Guy Warrington, Consul General at the Dubai Embassy, also spoke of the close ties between the UAE and UK: "Many Emiratis say to me how at home they feel when they're in London, and I think that's very much a reciprocal relationship for the British community here.
Slow Learners" for instance, describes Bram's coming out to his close friends in college as well as his first tentative steps toward a reciprocal relationship.
LAHORE, January 15, 2010 (Frontier star): Provincial Minister for Finance and Planning & Development, Tanvir Ashraf Kaira has said that confidence building measures would be taken to augment the reciprocal relationship between tax collecting bodies and the tax payers so that the tax-base could be sufficiently increased and to pull of the gratuitous fears of the tax payers about the government machinery.