The 1838 Treaty of Balta Liman, or the Anglo-Ottoman Treaty, is a formal trade agreement signed between the Sublime Porte of the Ottoman Empire and Great Britain. The trade policies imposed upon the Ottoman Empire, after the Treaty of Balta Liman, were some of the most liberal, open market, settlements that had ever been enacted during the time. The terms of the treaty stated that the Ottoman Empire will abolish all monopolies, allow British merchants and their collaborators to have full access to all Ottoman markets and will be taxed equally to local merchants. These agreements did not constitute an equal free trade arrangement, as the United Kingdom still employed protectionist policies on their agricultural markets.