Written by: Beck
Perhaps the folks at
Mises are right--the road to peace is paved by free trade. Israel, Egypt, and the United States
have signed a rather unique trade agreement.
Under the accord goods from the zones can enter the United States without customs tariffs, provided that 35 percent of the product results from cooperation between Israeli and Egyptian companies, and that Israel's input is a minimum of 8 percent.
As a supporter of free trade in virtually all circumstances (excepting when national security is an issue--I would support protectionism to keep us from losing our aerospace industry for instance), I'll back pretty much any excuse to drop tariffs. If it helps bring about stability in the world's most chaotic region, all the better.
(Hat tip:
Armies of Liberation)
