2013 Briefing Book - Print Version - Aipac
2013 Briefing Book - Print Version - Aipac
2013 Briefing Book - Print Version - Aipac
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
RELATIONSHIP<br />
What Congress Has Done to Strengthen the<br />
U.S.-Israel Economic Partnership<br />
Facilitated Travel Visas to Strengthen Trade. Congress approved measures providing<br />
Israelis access to ‘E-2’ investor visas that will strengthen the U.S. economy and the<br />
bilateral economic relationship by allowing Israelis with large investments in the<br />
United States the ability to travel to and temporarily reside in the United States.<br />
Approved the First U.S. Free Trade Agreement. In 1985, Congress overwhelmingly<br />
voted to implement the landmark U.S.-Israel Free Trade Agreement (FTA), the first<br />
American agreement of its kind. By a vote of 422-0 in the House and a voice vote in<br />
the Senate, the FTA became the firm foundation upon which 25 years of economic<br />
relations have flourished.<br />
Promoted Israel’s Membership Into the OECD. Congress strongly endorsed Israel’s bid<br />
to join the Organisation for Economic Co-operation and Development, the world’s<br />
most exclusive economic forum, overwhelmingly passing resolutions of support in<br />
2005 and 2006. Israel backs the United States in international fora more consistently<br />
than any other nation.<br />
Supported Joint Projects Through Binational Foundations. Congress supported the<br />
creation of U.S.-Israel binational foundations in the 1970s by appropriating funds<br />
for the American share of endowments through which their respective joint projects<br />
are funded. Initial funding levels differed among the foundations, established in<br />
partnership with the government of Israel, which matched U.S. contributions.<br />
Congress has appropriated $55 million each for the Binational Industrial Research<br />
and Development Foundation (BIRD) and the Binational Agricultural Research<br />
and Development Foundation (BARD). The Binational Science Foundation (BSF)<br />
received an endowment from Congress of $50 million. The endowments have not<br />
been replenished since 1984, severely restricting their ability to continue funding<br />
cutting-edge research and development that could yield high-tech, homeland security,<br />
agriculture and healthcare technologies.<br />
BIRD Energy, created in 2008 as a dedicated energy offshoot program, has received<br />
appropriations totaling $6.3 million since fiscal year 2009, matched dollar for dollar<br />
by Israel and generating private sector investments of over $20 million.<br />
66