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
Nepal–Britain Treaty of 1923 Nepal–Britain Treaty of 1923 The Nepal–Britain Treaty of 1923 is considered to be one of the most important treaties in the History of Nepal. The treaty was first discussed in 1921 and the final treaty was signed in 1923 December 21 in Singha Durbar. The treaty was the first formal acknowledgement by the British that Nepal as an independent nation had the right to conduct its foreign policy in anyway it seems fit and is considered to be “A great achievement of 25 years of Chandra Shumsher's diplomacy”. The treaty was recorded in 1925 in the League of Nations. While