From the beginning of these talks, which began on 17 January 1938 in London, Chamberlain was prepared to cede the Irish ports and renounce Britain`s other rights under the 1921 Treaty. He also hinted that Britain would give up their rights to land pensions, but warned that there could be no sharing regime without the support of the majority in Northern Ireland. “Peace depends on the will of the big states,” he added. All small states can do so if the statesmen of the largest states do not do their duty to determine with determination that they do not become the instrument of great power and that they will resist with all the force they will have of any attempt to force them to wage war against their will. The trade agreement, including the return of contract ports, came into force in the United Kingdom through the Eire (Confirmation of Agreements) Act 1938. Relations warmed by a series of trade agreements in 1938, 1948 and 1960, culminating in the 1965 Free Trade Agreement. The two countries also joined the European Economic Community (ECE) in 1973. The agreements paved the way for Irish neutrality in the next war. The Eire (Confirmation of Agreements) Act 1938 [Note 1] was an Act of the British Parliament passed on 17 May 1938.  This was the British enforcement measure of the 1938 Anglo-Irish Agreements, signed on 25 April 1938 in London by the governments of Ireland and the United Kingdom. In total, three agreements were concluded: one repealing Articles 6 and 7 of the Anglo-Irish Treaty and the transfer of ownership of the British Admiralty to Ireland; a second for the settlement of unpaid financial claims against the Irish government; And third, an important trade agreement that ends an “economic war” between the two countries. Relations between Britain and Iire were initially hostile, but improved in 1938 because of the old discontent with the Ports Treaty and the establishment of trade agreements between the two countries. The trade agreement was presented as beneficial to the newly created Irish state, given that the remaining responsibility for land pensions under a 1925 agreement was $11.75 million (in annual repayments of $250,000 over 60 years).
The seemingly favourable saving of $1,175,000 was much on the Irish side, but more than what the British would have gradually lost in 47 years if the value was easy on the basis of the present value of the money. It was convenient for both parties to close the case. As early as 1938, it was clear that the Taoiseach, the Taoiseach, would have tried to keep Ireland out of the war to come. He was completely disillusioned with the League of Nations. In accordance with previous agreements, the law: Chamberlain summed up: “Despite all the controversies of the past and all the heat that has been produced, this country and eire cannot do without each other. Our natural interests and our geographical location inevitably tend to bring us together, and what made us different was not a difference of interest, but something that should be much less important, and that is a disagreement.  The Act came into force on May 19, 1938 on the basis of a treasury mandate.  One of the effects of the law was whether Irish citizens were still British subjects.