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 as a fully sovereign nation. In 1921, when the Prince of Wales, later Edward VIII, came to Kathmandu, Chandra Shumsher raised the question of formulating a new peace treaty between Nepal and Britain. The treaty was discussed by the British authorities in Kathmandu, Nepal and London for more than a year before the final treaty was signed, 21 December 1923, in Singha Durbar, Kathmandu. The terms of the 1923 Nepal Britain Treaty were: "1) Nepal and Britain will forever maintain peace and mutual friendship and respect each other's internal and external independence. "2) All previous treaties, agreements and engagements, since