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 between Thailand and Japan (1940) general, the trend facilitated the gradual process of Japanese takeover of Indochina throughout 1941, which was one of the main causes for Japanese entry into the Second World War. The Thai government, in return, was compelled to join the Japanese government in a treaty of alliance in December 1941. Treaty between Thailand and Japan (1940) The Treaty between Thailand and Japan Concerning the Continuance of Friendly Relations and the Mutual Respect of Each Other's Territorial Integrity was concluded in Tokyo on June 12, 1940 between the Thai and the Japanese governments. The treaty was a step in co-operation between the