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 establishing the European Defence Community Plan (1959–1962). European foreign policy was finally established during the third attempt with European Political Cooperation (EPC) (1970). This became the predecessor of the Common Foreign and Security Policy (CFSP). Today the European Union and NATO, and formerly also the Western European Union, all carry out some of the functions which was envisaged for the EDC, although none approach the degree of supranational military control that the EDC would have provided for. Treaty establishing the European Defence Community The Treaty establishing the European Defence Community, also known as the Treaty of Paris, is an unratified treaty signed on 27 May