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 Friendship, Commerce and Navigation Between Argentina and the United Kingdom Treaty of Friendship, Commerce and Navigation Between Argentina and the United Kingdom The Treaty of Friendship, Commerce and Navigation Between Argentina and the United Kingdom was an 1825 treaty between the United Provinces of the River Plate (predecessor of modern Argentina) and the United Kingdom of Great Britain and Ireland (predecessor of modern United Kingdom). With this treaty, the United Kingdom accepted the 1816 Argentine Declaration of Independence. As the United Kingdom was the most powerful world power of the time, and the United States had announced the Monroe Doctrine, this treaty limited the chances of Spain to reconquer its