Commercial treaty till the middle of the century, apparently with irresistible support, they suddenly collapsed under the strain of a season of exceptionally short crops. Both their continued maintenance and their final sudden abolition are in some respects divergent from the general course of British tariff history. 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
Treaty of Aix-la-Chapelle (1748) proposed terms of the treaty, which had previously been agreed at the Congress of Breda, and other nations accepted them: For the most part, the Treaty of Aix-la-Chapelle and the War of Austrian Succession concluded status quo ante bellum. In the commercial struggle between Britain and France in the West Indies, Africa, and India, nothing was settled; the treaty was thus no basis for a lasting peace. In France, there was a general resentment at what was seen as a foolish throwing away of advantages (particularly in the Austrian Netherlands, which had largely been conquered by the brilliant strategy of