The US-Israel Free Trade Agreement
An e-mail from the US Democratic Leadership Council highlights that 25 years ago Israel and the US signed a free trade agreement.
The change in aid and trade in that time has been massive
- Aid has reduced from $3.7b to $2.3b
- Services trade has gone from $1.0b to $7.5b
- Goods trade has gone from $2.4b to $44.2b
The US used to supply more in aid, than trade to Israel. Now their trade is more than 20 times greater than their aid.
Europe and the US should drop their trade barriers so that we have more trade, and less need for aid.