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 Friendship, Commerce and Navigation Between Argentina and the United Kingdom the United Kingdom weakened its claim. Treaty of Friendship, Commerce and Navigation Between Argentina and the United Kingdom The Treaty of Friendship, Commerce and Navigation Between Argentina and the United Kingdom was an 1825 treaty between the United Provinces of the River Plate (predecessor of modern Argentina) and the United Kingdom of Great Britain and Ireland (predecessor of modern United Kingdom). With this treaty, the United Kingdom accepted the 1816 Argentine Declaration of Independence. As the United Kingdom was the most powerful world power of the time, and the United States had announced the Monroe Doctrine, this treaty limited the