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
Nepal–Britain Treaty of 1923 Nepal, shall be ratified and the ratification shall be exchanged at the Kathmandu as soon as practicable." The treaty was the first treaty between Nepal and Britain to be recorded in the League of Nations. The treaty made clear the international status of Nepal. The treaty declared Nepal as an independent and sovereign nation, The treaty was also the first treaty between Nepal and Britain which was concluded with the mutual discussion between both nations. According to Nepalese historians, the main achievement of the treaty was the protection of the independence of Nepal and the increament of the status of