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 Whampoa Treaty of Whampoa The Treaty of Whampoa () was a commercial treaty between France and China, which was signed by Théodore de Lagrené and Qiying on October 24, 1844 aboard the warship "L’Archimède". It is considered an unequal treaty by many sources. Based on the terms of the accord, China granted the same privileges to the Kingdom of France as it had done to Britain in the Treaty of Nanking and subsequent treaties. These privileges included the opening of five harbors to French merchants, extraterritorial privileges French citizens in China, a fixed tariff on Sino-French trade and the right of