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 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