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 on Basic Relations between Japan and the Republic of Korea Treaty on Basic Relations between Japan and the Republic of Korea The Treaty on Basic Relations between Japan and the Republic of Korea (Japanese: ; Korean: , , "Hanil Gibon Joyak") was signed on June 22, 1965. It established basic diplomatic relations between Japan and South Korea. As Korea was not a signatory state of the Treaty of San Francisco, it was not entitled to the benefits of Article 14 which stipulates the reparations by Japan. However, by the provisions of Article 21 of the treaty, Korea was entitled to be an authority applied to Article 4 of the treaty