Timeline Thursday 16 August 1838

Events on Thursday 16 August 1838 1

• 1838 Treaty of Balta Liman Opens Ottoman Markets Anglo-Ottoman trade convention abolishes Ottoman monopolies Britain and the Ottoman Empire signed the Treaty of Balta Liman, eliminating Ottoman state trade monopolies and fixing low tariffs on British goods entering Ottoman markets. The agreement opened the empire to large-scale European imports and is widely seen by historians as accelerating Ottoman economic dependency on Europe. Other European powers soon negotiated similar terms.