$6.64 Billion Damages Sought over Israeli Government and AIPAC Use of Stolen Classified US Trade Data
By: StingRay
Tags:

* COVER-UP/DECEPTIONS/PROPAGANDA
* CURRENT EVENTS
* ECONOMY
* ISRAEL
* POLITICS/ELECTIONS/CORRUPTION

According to the petition Israel unfairly leveraged the business confidential data stolen from US corporations and industry groups to create new export oriented industries to penetrate the American market. Israel thereby gained an unwarranted systemic advantage. The US-Israel FTA is an anomaly among all bilateral FTAs in that it principally benefits the foreign party, providing a destination for 40% of Israel's exports. The petition claims it is now a private industry funded foreign aid program. In 2010 the US Israel FTA produced an $11.2 billion US deficit in goods trade. Over a decade the US deficit has averaged $7.09 billion per year. The cumulative US-Israel deficit in current dollars since 1985 is $80.9 billion.