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 of Peace and Friendship between Japan and China Premier of the PRC Deng Xiaoping (1904 – 1997) to Japan. The treaty had its origin in the Joint Communiqué of the Government of Japan and the Government of the People's Republic of China of 1972. Negotiations on a formal peace treaty began in 1974, but were drawn out over various disputes until 1978. The treaty ultimately consisted of five articles, and was strongly opposed by the Soviet Union. Treaty of Peace and Friendship between Japan and China The Treaty of Peace and Friendship between Japan and the People's Republic of China (Japanese: , Chinese: 中华人民共和国和日本国和平友好条约, pinyin: Zhōnghuá Rénmín Gònghéguó