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 Brussels Treaty of Brussels The Treaty of Brussels, also referred to as the Brussels Pact, was the founding treaty of the Western Union (WU) between 1948 and 1954, at which it point it was amended as the Modified Brussels Treaty (MTB) and served as the founding treaty of the Western European Union (WEU) until its termination in 2010. The treaty provided for the organisation of military, economic, social and cultural cooperation among member states, as well as a mutual defence clause. The treaty was signed on 17 March 1948 by Belgium, France, Luxembourg, the Netherlands and the United Kingdom - the