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 London (1946) Treaty of London (1946) The Treaty of London was signed between the United Kingdom and Transjordan on 22 March 1946 and came into force on 17 June 1946. The treaty concerned the sovereignty and independence of the Arab state of Transjordan, which would now be known as the Hashemite Kingdom of Transjordan with Emir Abdullah I as its king. However, Britain would still maintain military bases within the country and continue to subsidize and support the Arab Legion. The Treaty of London superseded the former Anglo-Transjordan mandate known as the Organic Law of 1928. This former mandate liberalised several restrictions