| 释义 |
Concession agreement Concession agreementAn understanding between a company and the host government that specifies the rules under which the company can operate locally.Concession AgreementAn agreement in which a government, especially a local government, gives preferential treatment to a private-sector company. Generally speaking, a concession agreement involves special tax considerations, and is designed to encourage a company to come to or stay in an area. Governments make concession agreements to promote job growth or stability. |