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
Boundary Treaty of 1866 between Chile and Bolivia and Chile reopened talks which concluded with the Treaty of Sucre or Boundary Treaty between Bolivia and Chile of 1874 (see English version in ). The pact kept the 24th parallel as the boundary between Bolivia and Chile and Chile relinquished its former rights of condominium in return for no future nitrate tax increases over Chilean companies. Boundary Treaty of 1866 between Chile and Bolivia The Boundary Treaty of 1866 between Chile and Bolivia, also called the Mutual Benefits Treaty, was signed in Santiago de Chile on August 10, 1866 by the Chilean Foreign Affairs Minister Alvaro Covarrubias and the