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
Boundary Treaty of 1874 between Chile and Bolivia Plenipotentiary in Bolivia) as follows: In 1874, Peruvian Navy officer Miguel Grau (Commander of the Navy during the war) advised to the diplomacy of his country the internationalization of the Bolivian province of Antofagasta In August 1874, Bolivia and Chile substituted the Treaty of 1866 with a new Treaty that kept the 24th degree parallel as the boundary between both countries but ended the Mutual Benefits Zone defined in 1866 between the 23°S and 25°S. Further, Chile relinquished its share of export taxes on minerals shipped from Bolivia, and Bolivia agreed not to raise taxes on Chilean enterprises in Bolivia