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 (1827) independence of Greece, Turkey was forced by the Treaty to give the Danube Delta and its islands, and a considerable portion of the Black Sea south of the Kuban estuary over to Russia. Because of these new territorial arrangements and the other articles contained in the treaty, Britain and the other European powers came to regard the Treaty of Adrianople as infringing on the promises that Russia had made in the Treaty of 1827. Treaty of London (1827) The Treaty of London was signed by the United Kingdom, France, and Russia on 6 July 1827. The three main European powers