via BusinessWire
A legal filing to the United States Trade Representative (USTR) calls for suspension of the US-Israel Free Trade Area. The Institute for Research: Middle Eastern Policy (IRmep) “Section 301 of the Trade Act of 1974” filing includes previously unreleased internal International Trade Commission (ITC) files recently obtained under the Freedom of Information Act and testimony from US counterintelligence agencies and concerned American industries…
The IRmep’s legal challenge, representing concerned industries and associations from 37 states committed to stamping out Intellectual Property Rights (IPR) violations quantifies how ongoing trade secrets theft from US military, pharmaceutical, chemical and agricultural industries directly translate into American jobs losses. Input-output table exhibits derived from US Census Bureau data reveal that American jobs losses caused by the trade pact widened from 50,000 in 1999 to 126,000 in 2008. A comparative analysis against more beneficial bilateral trade agreements shows that canceling the US-Israel FTA would produce an immediate net economic benefit to the United States while fortifying rules based global trade and intellectual property rights. More