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
Burney Treaty Burney Treaty The treaty between Kingdom of Siam and the United Kingdom of Great Britain and Ireland commonly known as the Burney Treaty was signed at Bangkok on 20 June 1826 by Henry Burney, an agent of British East India Company, for the United Kingdom, and King Rama III for Siam. It followed an earlier treaty of 24 February 1826, in which Siam became an ally of Britain against the Kingdom of Ava (Burma), with which Britain was at war. A Siamese army was raised and equipped, but took no serious part in the war due to ill-feeling and suspicion