Methuen Treaty ensure full allied commitment to the war in Spain. The second treaty, signed 27 December 1703 (popularly known as the "Port Wine Treaty") helped to establish trading relations between England and Portugal. The terms of it allowed English woollen cloth to be admitted into Portugal free of duty; in return, Portuguese wines imported into England would be subject to a third less duty than wines imported from France. This was particularly important in helping the development of the port industry. As England was at war with France, it became increasingly difficult to acquire wine, and so port started to become
Treaty of Madrid (5 October 1750) Treaty of Madrid (5 October 1750) The Treaty of Madrid was a commercial treaty signed between Britain and Spain on 5 October 1750. It followed the Treaty of Aix-la-Chapelle, which had brought a close to the War of the Austrian Succession in 1748, and resolved lingering Spanish concerns about the Asiento contract. The Treaty of Utrecht in 1713 had given Britain a thirty-year asiento, or contract-right, to supply an unlimited number of slaves to the Spanish colonies, and 500 tons of goods per year. This provided British traders and smugglers potential inroads into the (traditionally) closed markets in Spanish America.