In 1277, the Byzantine–Venetian treaty was concluded, marking a significant moment in the intricate relationship between the Byzantine Empire and the Republic of Venice. As tensions grew within the Byzantine political landscape, with factions vying for control and external threats looming, this treaty served a dual purpose. Firstly, it established a crucial two-year truce aimed at preventing hostilities that could harm both parties. This truce was essential as it provided much-needed stability in a region plagued by power struggles and conflict during the late 13th century.

Moreover, the treaty renewed and reinforced the commercial privileges that the Venetians had enjoyed in the Byzantine Empire. Venice had established itself as a dominant maritime power in the Mediterranean, and its trade routes were vital for both economy and diplomacy. The renewal of these privileges ensured that Venetian merchants could continue to operate freely in Byzantine territories, further embedding Venetian economic interests in the region and showcasing the empire's reliance on foreign trade to sustain its economy.

The treaty also demonstrated the intricate diplomatic engagements of the time, where political leaders sought to forge alliances and comply with mutual interests to avoid conflict and ensure prosperity. The Treaty of 1277 highlighted the critical importance of Venice as a trading partner for the Byzantine Empire, which was crucial for maintaining the economic vitality of the empire amid increasing competition from other emerging powers in the Mediterranean theater.