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
Nepal–Britain Treaty of 1923 Nepal–Britain Treaty of 1923 The Nepal–Britain Treaty of 1923 is considered to be one of the most important treaties in the History of Nepal. The treaty was first discussed in 1921 and the final treaty was signed in 1923 December 21 in Singha Durbar. The treaty was the first formal acknowledgement by the British that Nepal as an independent nation had the right to conduct its foreign policy in anyway it seems fit and is considered to be “A great achievement of 25 years of Chandra Shumsher's diplomacy”. The treaty was recorded in 1925 in the League of Nations. While