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 Szatmár Treaty of Szatmár The Treaty of Szatmár (or the Peace of Szatmár) was a peace treaty concluded at Szatmár (present-day Satu Mare, Romania) on 29 April 1711 between the House of Habsburg emperor Charles VI, the Hungarian estates and the Kuruc rebels. It formally ended Rákóczi's War of Independence, which had endured since 1703. In the Great Turkish War, the forces of the Habsburg Monarchy conquered large parts of Ottoman Hungary. However, the new rulers soon met with resistance by the Hungarian magnates led by Francis II Rákóczi, culminating in the rebellion led by Rákóczi, which from 1703 onwards spread