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$6.64 Billion Damages Sought Over Israeli Government/AIPAC Use of Stolen Classified US Trade Data

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Purveyor Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-25-11 10:30 AM
Original message
$6.64 Billion Damages Sought Over Israeli Government/AIPAC Use of Stolen Classified US Trade Data
WASHINGTON--(BUSINESS WIRE)--Today the Section 301 Committee of the US Trade Representative formally received a petition demanding $6.64 billion in compensation for US exporters. In 1984 US exporters were urged to submit business confidential data about their prices, market share, internal costs and market strategy to the International Trade Commission. The USTR guaranteed confidentiality and compiled the data into a classified report for use in negotiating the US-Israel Free Trade Agreement.

The Israeli government obtained the classified USTR report and passed it to the American Israel Public Affairs Committee to use in lobbying and public relations. Declassified FBI investigation files in the petition reveal AIPAC's legislative director made illicit duplications before returning the report by order of the USTR. The FBI interviewed Israeli Minister of Economics Dan Halpern who admitted obtaining the classified document and giving it to AIPAC.

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.

Analysis of all other US-bilateral FTAs reveals that they do not deliver a systemic advantage to either partner. In 2010, the US had a $31.43 billion total surplus with its other bilateral FTA partners, though in 2006 and 2007 these same agreements produced a narrow US deficit.

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http://www.businesswire.com/news/home/20110524006801/en/6.64-Billion-Damages-Sought-Israeli-Government-AIPAC
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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-25-11 10:43 AM
Response to Original message
1. Uh, who is suing who?
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nichomachus Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-25-11 02:15 PM
Response to Original message
2. I say
that we gt the Israeli government, strip them naked, and put them in solitary confinement. That's the Obama way.
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here_is_to_hope Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-25-11 03:36 PM
Response to Original message
3. Shocked I tell Ya!
That the recs on this post go from 5 to 9 to 5 to 7, within minutes...
I would try and hide the truth too.
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Heywood J Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-25-11 07:19 PM
Response to Original message
4. "Declassified FBI investigation files in the petition reveal
AIPAC's legislative director made illicit duplications before returning the report by order of the USTR. The FBI interviewed Israeli Minister of Economics Dan Halpern who admitted obtaining the classified document and giving it to AIPAC."

At what point can we declare AIPAC to be working against the interests of the US and shut it down? The Israeli minister acknowledged passing them stolen classified info and the FBI says they illegally copied the classified info. Who did the prison time for this?
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