NO ADVERTISING, GOVERNMENT OR CORPORATE FUNDING
DONATE TODAY
HOT TOPICS ▶ Climate Change     Undoing The New Deal     The Real Baltimore     Reality Asserts Itself     United Kingdom    


  December 30, 2017

Why is Egypt Counting on US Aid to Israel?


Trump's promise to stop aid is based on a misunderstanding of how aid works
Members don't see ads. If you are a member, and you're seeing this appeal, click here
   


audio

Share to Facebook Share to Twitter



You are, simply, the best! - Per Bengtsson
Log in and tell us why you support TRNN


transcript

Shir Hever: Leading up to the UN Assembly vote, condemning the U.S. recognition of Jerusalem as the capital of Israel, President Donald Trump warned that countries who voted in favor may lose U.S. aid.

Donald Trump: I like the message that Nikki sent yesterday at the United Nations, for all of these nations that take our money and then they vote against us at the Security Council, or they vote against us potentially at the assembly. They take hundreds of millions of dollars and even billions of dollars and then they vote against us, well, we're watching those votes. Let them vote against us. We'll save a lot. We don't care.

Shir Hever: The country that initiated the vote against the U.S. and the Security Council and in the general assembly was Egypt, which also happens to receive the second highest level of U.S. aid in the world after Israel. U.S. aid to Egypt is in fact closely tied to its aid to Israel. Nothing embodies this more than the QIZ, the Qualified Industrial Zones. Qualified Industrial Zones were approved by the U.S. Congress in 1997, and were built in Egypt and in Jordan to promote regional economic operation with Israel. Items produced in these zones must contain components made in Israel or the U.S., as well as local goods in Egypt or Jordan. If they meet this condition, they can be exported to the U.S. under preferred customs arrangements. At the recent conference in Cairo, Egyptian business people declared their intentions to make use the QIZ, to take advantage of the rising prices in east Asia and develop the Egyptian textile exports.

Ramy Shaath, the coordinator of the BDS movement in Egypt, the Boycott, Divestment and Sanctions campaign against Israel, estimated that since 2004, the U.S. lost revenue equal to $1.29 billion due to imports from the Egyptian QIZ, while Israeli companies profited $903 million from the QIZ. Middle East Eye reported on protests by BDS activists against the QIZ and the plan to involve Israeli companies in Egyptian textile exports to the U.S. Considering how aid to Egypt is part of a broad U.S. strategy to cement an alliance to Israel, Jordan, and Egypt, it is highly unlikely the U.S. will stop aid to Egypt, following the general assembly vote, despite the threats by President Trump. Belligerent language aside, Egypt was not deterred from openly criticizing Trump's biased approach. The member states of the UN overwhelmingly voted in favor of Egypt's proposal.



Comments

Our automatic spam filter blocks comments with multiple links and multiple users using the same IP address. Please make thoughtful comments with minimal links using only one user name. If you think your comment has been mistakenly removed please email us at contact@therealnews.com

latest stories

Israeli Forces Kill 4 Palestinians, Injure 40 on Israel's Independence Day
Infamous Mercenary Erik Prince Being Considered to Build Trump's Foreign Army for Syria
Leaders of China and Japan to Meet -- Could Be a Game Changer
Cuba has a New President: Is he 'Fidelista' or 'Raulista'?
Marc Steiner Show: Chelsea Manning
House Raid Illustrates How Baltimore Police Refuse to Take Black Residents Rights Seriously
The Baltimore Bureau Podcast Show: April 20, 2018
Korean Peninsula in Historic Peace Talks - Thanks to Activists, Not Trump
Teacher Strikes Continue to Spread - A Symptom of Public Education Underfunding
IMF Says 2018 Economic Outlook is Rosy, But Austerity is Still Needed
Debunking the Myth of American Exceptionalism, with David Swanson
New Student Movement Seeks to Change Hopkins from Within
Corbyn: Does Strike on Syria Justify Bombing Saudi Arabia over Yemen?
Fighting the Oligarchy Inside the Democratic Party
Lopez Obrador's Lead Widens in Mexican Presidential Race Thanks to Trump
Justin Trudeau Vows to Bail Out Profitable Oil Company, Kinder Morgan
Global Warming's Impact on Ocean Currents to Amplify Sea Level Rise
State's Attorney's Race: Thiru Vignarajah on Freddie Gray and Gun Trace Task Force
Defense Stocks Soar as Trump Wages War on Syria
Philippines' Duterte Uses 'War on Terror' Tactics to Crack Down on Leftists
Philippines' Drug War Kills Poor Addicts, Not Rich Dealers
Col. Larry Wilkerson on Syria: War Powers are the 'Surest Way to Tyranny'
Senior Bernie Advisor says 'Bullshit' to Cuomo Campaign Claim It's 'Lockstep' with Sanders
The Perils of Being a Prosecutor and a Politician
France Joins US in a 'Poker Game,' Targeting Iran and Hezbollah
Activists Offer Palestinian and Kurdish Solidarity
Starbucks and the Criminalization of Blackness
Saudi Dictator Dines with French President as Yemenis Starve
State's Attorney's Race: Marilyn Mosby on Tyrone West, Keith Davis and Her Critics
Can a Government Program End Racist Government Practices?

TheRealNewsNetwork.com, RealNewsNetwork.com, The Real News Network, Real News Network, The Real News, Real News, Real News For Real People, IWT are trademarks and service marks of Independent World Television inc. "The Real News" is the flagship show of IWT and The Real News Network.

All original content on this site is copyright of The Real News Network. Click here for more

Problems with this site? Please let us know

Web Design, Web Development and Managed Hosting