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 between Thailand and Japan (1940) Treaty between Thailand and Japan (1940) The Treaty between Thailand and Japan Concerning the Continuance of Friendly Relations and the Mutual Respect of Each Other's Territorial Integrity was concluded in Tokyo on June 12, 1940 between the Thai and the Japanese governments. The treaty was a step in co-operation between the Thai and the Japanese governments, which eventually became allies in the Second World War. Ratifications were exchanged in Bangkok on December 23, 1940. The treaty became effective on the same day and was registered in "League of Nations Treaty Series" on July 26, 1941. Following the Japanese invasion of