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
Nepal–Britain Treaty of 1923 Nepal, shall be ratified and the ratification shall be exchanged at the Kathmandu as soon as practicable." The treaty was the first treaty between Nepal and Britain to be recorded in the League of Nations. The treaty made clear the international status of Nepal. The treaty declared Nepal as an independent and sovereign nation, The treaty was also the first treaty between Nepal and Britain which was concluded with the mutual discussion between both nations. According to Nepalese historians, the main achievement of the treaty was the protection of the independence of Nepal and the increament of the status of