譲じょう許きょ

noun

concession; granting of a privilege

Primarily used in economic and diplomatic contexts, especially regarding tariff concessions. A formal, somewhat technical term.

• 貿ぼう易えき交こう渉しょうで関かん税ぜいの譲じょう許きょが議ぎ論ろんされた。

  Tariff concessions were discussed in the trade negotiations.