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
Nepal–Britain Treaty of 1923 Nepal among the other nations of the world. Most Nepalese historians agree that the treaty was the major achievement of the Rana rule. The British representative residing in Nepal, previously known as Resident was from then titled as Envoy. Nepal–Britain Treaty of 1923 The Nepal–Britain Treaty of 1923 is considered to be one of the most important treaties in the History of Nepal. The treaty was first discussed in 1921 and the final treaty was signed in 1923 December 21 in Singha Durbar. The treaty was the first formal acknowledgement by the British that Nepal as an independent nation had