Carta Mercatoria

The Carta Mercatoria, meaning 'the charter of the merchants', was a 1303 charter granted by Edward I to foreign merchants in England. It guaranteed them freedom to trade, protection under the law, and exemption from tolls on bridges, roads and cities. It also guaranteed no increase in the duty rates they paid.

The charter was revoked by Edward II, owing to complaints by English merchants. In practice however, foreign merchants retained most of their rights.

In 1334, in exchange for financial assistance, Edward III replaced the general grant of rights to foreign merchants with a particular charter granted to the Hanseatic League.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.