Rep. Waxman Praises U.S.-Israel Free Trade

David Streeter — October 20, 2010 – 10:14 am | Democrats | Economy | Foreign Policy | Israel Comments (0) Add a comment

Yesterday, Representative Henry Waxman (D-CA) delivered laudatory remarks that contained a thorough summary of the U.S.-Israel Free Trade Agreement. Waxman began his remarks:

Twenty-five years ago when Congress passed a Free Trade Agreement with Israel, it was the first of its kind.  Previously, our economic and military aid to Israel had dwarfed our trade relationship. 

What few realized back then is that the FTA would serve as a powerful engine for Israel’s economic growth into one of America’s top 20 trade partners worldwide. 

At the time, many of us saw the FTA as a means to bolster Israel’s efforts to break free of the Arab boycott. 

I doubt any of us fathomed how successfully the FTA would serve as a platform for economic integration with Arab neighbors willing to embrace peace.

Click here to read the rest of his remarks.

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