Haavara Agreement

[1] The agreement enabled Jews fleeing persecution under the new Nazi regime to transfer some portion of their assets to British Mandatory Palestine.

[3][4] The agreement was controversial and was criticised by Revisionist Zionist leader Ze'ev Jabotinsky and by some non-Zionist Jews, as well as by members of both the Nazi Party and the German public.

Hanotea (הַנּוֹטֵעַ 'the Planter') was a citrus planting company based in Netanya and established in 1929 by long-established Jewish settlers in Palestine involved in the Benei Binyamin movement.

[15] Hanotea's director, Sam Cohen, represented the company in direct negotiation with the Reich Economics Ministry beginning in March 1933.

The Banks avail themselves of these amounts in Reichmarks in order to make payments on behalf of Palestinian merchants for goods imported by them from Germany.

To the same extent that local merchants will make use of this arrangement, the import of German goods will serve to withdraw Jewish capital from Germany.

The head of the Middle Eastern division of the foreign ministry, the anti-Nazi politician Werner Otto von Hentig, supported the policy of settling Jews in Palestine.

[26] Wise and other leaders of the Anti-Nazi boycott of 1933 argued against the agreement, narrowly failing to persuade the Nineteenth Zionist Congress in August 1935 to vote against it.

[27] The Revisionist newspaper in Palestine, Hazit Haam published a sharp denunciation of those involved in the agreement as "betrayers", and shortly afterwards one of the negotiators, Haim Arlosoroff was assassinated.