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Israel's government abuses Free Trade Agreement with US

By Ray Hanania 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. But since then, according to a study conducted by the Washington DC based Institute for Research: Middle East Policy (IRmep) of documents released only last year, the United States has lost more than $71 billion in the deal and the equivalent of an average of 100,000 jobs in each of the past 10 years alone. This is a staggering discovery considering that the United States is today in one of the worst economic depressions in its history and that the American unemployment rate continues to rise, now past 8.2 percent nationwide. To continue reading this interesting article from The American Muslim (TAM), click here.

Full post as published by The Trade Secrets Vault on March 16, 2009 (boomark / email).