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 friendship and alliance between the Government of Mongolia and Tibet use the treaty to gain influence on Tibetan matters. While China ultimately did not sign the Simla Convention, a similar treaty, the tripartite Treaty of Kyakhta, was signed by Mongolia, the Republic of China and Russia on 25 May 1915. The agreement affirmed Mongolia's complete autonomy in internal matters and Russian privileges in Mongolia, at the same time formally recognized China's suzerainty over the country. Treaty of friendship and alliance between the Government of Mongolia and Tibet A Treaty of friendship and alliance between the Government of Mongolia and Tibet was signed on 11 January 1913 (corresponding to 29 December