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
Convention Between Great Britain and China Respecting Tibet Convention Between Great Britain and China Respecting Tibet The Convention Between Great Britain and China Respecting Tibet was a treaty signed between the Qing dynasty and the British Empire in 1906, which reaffirmed the Chinese possession of Tibet after the British expedition to Tibet in 1903-1904. The British, for a fee from the Qing court, also agreed "not to annex Tibetan territory or to interfere in the administration of Tibet", while China engaged "not to permit any other foreign state to interfere with the territory or internal administration of Tibet". This Convention succeeded the Treaty of Lhasa signed between Tibet