Cobden–Chevalier Treaty

The Cobden Treaty ( also called the Cobden -Chevalier Treaty) was a 1860 closed commercial treaty between France and England.

The contract is named after the entrepreneur and politician Richard Cobden, who had contributed to his conclusion. On the French side Michel Chevalier was the principal negotiator. The agreement in trade between the two countries before the MFN. The two contracting parties undertook to tackle the identity each other those trade benefits granted in particular customs benefits that they would grant third countries.

As a result of the Treaty France reduced its tariffs on British imports significantly in two steps. Britain abolished tariffs on trade with France completely. The contract is considered a central core for a liberal trade and economic policy in the 19th century. It led to the sinking of the duties, and to a far-reaching free trade between the two countries. A similar agreement was concluded between France and the German Customs Union on 29 March 1862. Later, other countries such as Belgium, Italy and Switzerland were added. The result was a Europe-wide decline in customs duties before the 1880s won the protectionism in importance again. France terminated the contract in 1892 in favor of Méline - duty. Essentially, only held the UK firmly on free trade.