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
Treaty of friendship and alliance between the Government of Mongolia and Tibet reign of the 13th Dalai Lama. There are data that the treaty signed by Russia with Mongolia in 1912 (i.e. before signing the treaty with Tibet) meant international recognition of Mongolia as a state which was not required a sanction from a third side; as a result, the treaty between Tibet and Mongolia is considered as de jure recognition of Tibet as a state. In any case, the independence of both Tibet and Mongolia continued not to be recognized by most other powers, which continued to recognize at least the suzerainty of the Republic of China over these areas. Even