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 Peace Between Japan and India Treaty of Peace Between Japan and India The Treaty of Peace Between Japan and India (日本国とインドとの間の平和条約) was a peace treaty signed on June 9, 1952 restoring relations between the two nations. India, as part of the British Empire, had full diplomatic relations with Japan until end of World War II. After the war Ally Forces occupied Japan and India gained its independence on August 15, 1947. In 1951, the San Francisco Peace Conference was held with Indian Prime Minister Jawaharlal Nehru refusing to attend the conference, because he considered the provisions of the San Francisco Treaty to be limiting Japanese