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 Lhasa Treaty of Lhasa The Treaty of Lhasa, officially the Convention Between Great Britain and Tibet, was a treaty signed in 1904 between Tibet and the United Kingdom of Great Britain and Ireland, in Lhasa, the capital of Tibet, then under administrative rule of the Qing dynasty. It was signed following the British expedition to Tibet of 1903-1904, a military expedition led by Colonel Francis Younghusband, and was followed by the Anglo-Chinese Convention of 1906. The main points of the treaty allowed the British to trade in Yadong, Gyantse, and Gartok while Tibet was to pay a large indemnity of 7,500,000