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 establishing the European Defence Community Treaty establishing the European Defence Community The Treaty establishing the European Defence Community, also known as the Treaty of Paris, is an unratified treaty signed on 27 May 1952 by the six 'inner' countries of European integration; West Germany, France, Italy, and the Benelux countries. The treaty would have created a European Defence Community (EDC) with a pan-European defence force. The treaty failed to obtain ratification in the French parliament, and consequently never entered into force. Instead, West Germany was admitted into the Western European Union (WEU), a dormant successor of the 1948 Western Union, as well as NATO. The