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
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