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
Nepal–Britain Treaty of 1923 Nepal extended from Sutlej River in the west to Tista River in the east. However, the country of Nepal and its existence was still a mystery in many of the European countries. The Sugauli Treaty of 1816 had rendered moot the degree of independence of Nepal. The sixth, seventh and eighth points of the treaty were:<br> "6) The king of Nepal engages never to molest or disturb the king of Sikkim in the possession of his territories. If any difference shall arise between Nepal and Sikkim, it shall be referred to the arbitration of the East India Company. "7) The