Israel’s government abuses F.T.A. with US
Posted on 20. Mar, 2009 by Shera Crossan in Business & Finance, Economy, Events, Fashion, Feedback, Free Speech, Hidden Crimes, Immigration, Israel & Jewish Issues, Politics, Real History, Shera Crossan, Top Stories
According to a chart of lost revenues and jobs between 1999 and 2008, the last 10 years of the FTA with Israel, the jobs lost to the American public is now an irreversible attribute of the US-Israeli trade relationship.
Free trade agreements (FTAs) are supposed to help American businesses improve their profits, create more jobs and build their industries by opening new markets for export of their products with foreign countries under rules based trade. The US has FTAs with 20 foreign nations, including six added in 2006, Bahrain, El Salvador, Guatemala, Honduras, Morocco, and Nicaragua. Israel lobbied for a bilateral Free Trade Agreement with the US in 1984 and it was approved in 1985.
“Israel was the very first beneficiary of a free trade agreement with the US. But last year, new details were revealed about how Israel and the lobbying group AIPAC obtained the business trade secrets submitted by American companies.” < < < SOURCE > > >
Israel negotiated with illegally obtained material inside information about US industries. The FBI found AIPAC in possession of classified documents outlining the entire US negotiating position. The document in question, a report from the International Trade Commission to US Trade Representative William E. Brock contained proprietary data provided by US corporations under conditions of strict confidentiality. The trade document also outlined how far the US was willing to go in concessions and demands. Its possession by Israel and AIPAC provided an unfair advantage that was subsequently embedded in the FTA. irmep source
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