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
Strangford Treaty throughout the country. As a result, low cost imported goods manufactured by machine industry began to swamp the market that had previously been dominated by the local handicrafts industry. Exports of tobacco and sugar from Brazil were prohibited, which protected British producers in the West Indies. The treaty was written so as to expire in 1825 unless renewed. It remained in effect until 1844. Strangford Treaty The Strangford Treaty was an 1810 treaty between the Portuguese colony of Brazil and the United Kingdom of Great Britain and Ireland. It provided major concessions to the British in the form of tariff