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[quote][font=Verdana] What the Arab world gives America:

In reality the Arab world is far more beneficial to the US than Israel. Here's why:

l Members of the Organization of Petroleum Exporting Countries (OPEC), which are all Arab or Muslim (with the exception of Venezuela), exchange their oil for petrodollars, which means non-producing countries must keep vast sums of dollars in reserve, thus bolstering the dollar and the US economy.

l The Gulf supplies the US with approximately one-third of its total oil requirements or some 2.5 million barrels per day.

l The 22 Arab League member countries import more goods and services from the US than any other region, especially vehicles, machinery, equipment, building materials, chemicals, medicines and aircraft. Saudi Arabia alone buys more than Israel and Egypt combined.

l US sales of goods and services to the GCC have totaled more than $20 billion annually and "create or sustain more than half-a-million jobs in the United States," according to the American Business Council of the Gulf Countries.

l The GCC states invest billions of dollars annually in US acquisitions, property and bonds. Saudi Arabia alone invests an estimated 60 percent of its global investment in the US, according to Tanya C. Hsu, a senior analyst of Middle East political economy at the Institute for Research: Middle Eastern Policy.

"This commitment has enabled the US to finance an ongoing trade deficit and produce new economic growth opportunities," Hsu says.

l Many Arab countries, in particular Jordan, Egypt and various GCC countries, are strategic partners of America within the region, hosting US bases and working closely with the American government in the "war on terror."

l Morocco and several GCC countries have signed up to free-trade agreements with the US which the US hopes will lead to a Middle East Free Trade Agreement (MEFTA).

l Over 50,000 American civilians live in the GCC, representing the largest US expatriate community in the world.[/font=Verdana]
http://www.lebanonburning.com/guppy/articles.php?lng=en&pg=179[/quote]

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