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
Strangford Treaty throughout the country. As a result, low cost imported goods manufactured by machine industry began to swamp the market that had previously been dominated by the local handicrafts industry. Exports of tobacco and sugar from Brazil were prohibited, which protected British producers in the West Indies. The treaty was written so as to expire in 1825 unless renewed. It remained in effect until 1844. Strangford Treaty The Strangford Treaty was an 1810 treaty between the Portuguese colony of Brazil and the United Kingdom of Great Britain and Ireland. It provided major concessions to the British in the form of tariff