Methuen Treaty a popular replacement. Cypher and Dietz, in the book ″The Process of Economic Development″, say that: "Portugal specialized in a commodity that did not have the same growth potential as did cloth for England. Portugal's economy suffered consequently, as the productive structure and institutions were moulded in the direction of wine production. In fact, after trade was rapidly expanded following the Methuen Treaty in 1703, Portugal was left with a sizeable deficit as its exports to England fell short of its imports from England. The boom in Portuguese-English trade fortuitously coincided with a gold rush in Brazil, Portugal's colony, enabling
Treaty between Thailand and Japan (1940) Treaty between Thailand and Japan (1940) The Treaty between Thailand and Japan Concerning the Continuance of Friendly Relations and the Mutual Respect of Each Other's Territorial Integrity was concluded in Tokyo on June 12, 1940 between the Thai and the Japanese governments. The treaty was a step in co-operation between the Thai and the Japanese governments, which eventually became allies in the Second World War. Ratifications were exchanged in Bangkok on December 23, 1940. The treaty became effective on the same day and was registered in "League of Nations Treaty Series" on July 26, 1941. Following the Japanese invasion of