Commercial treaty till the middle of the century, apparently with irresistible support, they suddenly collapsed under the strain of a season of exceptionally short crops. Both their continued maintenance and their final sudden abolition are in some respects divergent from the general course of British tariff history. 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
Treaty of Rastatt Treaty of Rastatt The Treaty of Rastatt was a peace treaty between France and Austria, concluded on 7 March 1714 in the Baden city of Rastatt, to put an end to state of war between them from the War of the Spanish Succession. The treaty followed the earlier Treaty of Utrecht of 11 April 1713, which ended hostilities between France and Spain, on the one hand, and Britain and the Dutch Republic, on the other hand. A third treaty at Baden, Switzerland was required to end the hostilities between France and the Holy Roman Empire. By 1713, all parties to