On April 6, Grant F. Smith presented a comprehensive review of the US-Israel Free Trade Agreement to the Finance and Economics Council at the University of Rochester. Using a slide show of declassified documents and charts, Smith revealed how secret agreements and a joint Israeli embassy/AIPAC covert operation undermined US industries and the trade negotiating process. IRmep.org/04062011.htm
New quantitative analysis and disclosures reveal the US-Israel trade agreement is actually a $10 billion/year foreign aid program. Smith also discusses how major omissions in Dan Senor and Saul Singer's 2009 Council on Foreign Relations book Start-up Nation: The Story of Israel's Economic Miracle undermine their two major findings: that perpetual conflict gives Israel a comparative advantage and that the US should reinstate conscription in order to match Israel's entrepreneurial output.
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