Commercial treaty Commercial treaty A commercial treaty is a formal agreement between states for the purpose of establishing mutual rights and regulating conditions of trade. It is a bilateral act whereby definite arrangements are entered into by each contracting party towards the other—not mere concessions. For example, the Methuen Treaty was a commercial treaty between Portugal and England. Another example, between the close of the Napoleonic wars of 1815 and the year 1860, the tariff system of Great Britain was changed from elaborate protection to practically complete free trade. An attempt had indeed been made in 1786 to modify the rigidly protective
Treaty of Amity and Commerce (Prussia–United States) Treaty of Amity and Commerce (Prussia–United States) The Treaty of Amity and Commerce between the Kingdom of Prussia and the United States of America (September 10, 1785) was a treaty negotiated by Count Karl-Wilhelm Finck von Finckenstein, Prussian Prime Minister, and Thomas Jefferson, United States Ambassador to France, and signed by Frederick the Great and George Washington. The treaty established a commercial alliance between the Kingdom of Prussia and the United States of America and was the first one signed by a European power with the United States after the American Revolutionary War. The Kingdom of Prussia became therefore one