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Why We Are at War (2nd Edition, revised) by Members of the Oxford Faculty of Modern History
page 34 of 302 (11%)
relations closer than that of ordinary friendship.

In 1904 England and France settled their old quarrel about Egypt. France
recognized the English occupation of Egypt; England, on her side,
promised not to impede the extension of French influence in Morocco. It
was agreed that neither in Egypt nor in Morocco should there be a
political revolution; and that in both countries the customs tariff
should make no distinction between one nation and another. This compact
was accompanied by a settlement of the old disputes about French fishing
rights in Newfoundland, and of more recent difficulties concerning the
frontiers between French and English possessions in West Africa.[12] The
whole group formed a step in a general policy, on both sides, of healing
local controversies which had little meaning except as instruments of
diplomatic warfare. The agreement regarding Egypt and Morocco is
distinguished from that concerning West Africa and Newfoundland in so
far as it recognizes the possibility of objections on the part of other
Powers. It promised mutual support in the case of such objections; but
not the support of armed force, only that of diplomatic influence.

At the moment of these agreements Count Bülow told the Reichstag that
Germany had no objection, as her interests were in no way imperilled by
them. Later, however, Germany chose to regard the Moroccan settlement as
an injury or an insult or both. In the following year the Kaiser made a
speech at Tangier (March, 1905) in which he asserted that he would
uphold the important commercial and industrial interests of Germany in
Morocco, and that he would never allow any other Power to step between
him and the free sovereign of a free country. It was subsequently
announced in the German Press that Germany had no objection to the
Anglo-French Agreement in itself, but objected to not having been
consulted before it was arranged. This complaint was met, on the part of
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