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 1866 between Chile and Bolivia and Chile reopened talks which concluded with the Treaty of Sucre or Boundary Treaty between Bolivia and Chile of 1874 (see English version in ). The pact kept the 24th parallel as the boundary between Bolivia and Chile and Chile relinquished its former rights of condominium in return for no future nitrate tax increases over Chilean companies. Boundary Treaty of 1866 between Chile and Bolivia The Boundary Treaty of 1866 between Chile and Bolivia, also called the Mutual Benefits Treaty, was signed in Santiago de Chile on August 10, 1866 by the Chilean Foreign Affairs Minister Alvaro Covarrubias and the