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 1881 between Chile and Argentina that older boundary treaties became obsolete and both countries agreed to submit any future disputes to the decision of a friendly third country. The law of the sea at the time of the 1881 treaty was different from the articles of the 1982 Law of the Sea, which meant that Chile and Argentina adhered to the accepted practice of a three nautical mile territorial sea. Therefore, the treaty emphasized the delineation of land boundaries including islands but did not stipulate the offshore limits, which have since been expanded to . According to the Argentine view of the treaty, called the