The Haavara Agreement (Hebrew: הסכם העברה heskem haavara "transfer agreement") was signed on 25 August 1933 after three months of talks by the Zionist Federation of Germany (die Zionistische Vereinigung für Deutschland), the Anglo-Palestine Bank (under the directive of the Jewish Agency) and the economic authorities of Nazi Germany. The agreement was designed to help facilitate the emigration of German Jews to Palestine. While it helped Jews emigrate, it forced them to give up most of their possessions to Germany before departing. Those assets could later be obtained by transferring them to Palestine as German export goods.
Read more about Haavara Agreement: Hanotea, Haavara Agreement
Famous quotes containing the word agreement:
“No one can doubt, that the convention for the distinction of property, and for the stability of possession, is of all circumstances the most necessary to the establishment of human society, and that after the agreement for the fixing and observing of this rule, there remains little or nothing to be done towards settling a perfect harmony and concord.”
—David Hume (1711–1776)