According to a contemporary report by Time magazine, "in no instance of modern times has one State made such humiliating, far-reaching economic concessions to another" as Romania to Germany, the same publication considering that it transformed Romania into a "German dependency".

In addition, the German government coveted the oil-fields of Romania, and desired to secure Romanian military cooperation in case of war.

The agreement provided for delivery of various Romanian goods to Germany in the fields of agriculture, timber and oil.

The agreement strengthened the Third Reich economically and placed at its disposal the resources of Romania at a time Hitler was planning to invade Poland.

The British government was alarmed by that development, and on 13 April 1939 committed itself to the defense of Romania from German aggressive designs on its sovereignty.