UAE Forbids Americans From Controlling Companies
Some advocates of the deal that would allow a company controlled by the government of the United Arab Emirates to manage port operations in the United States argue that opponents of the deal are protectionists who want to restrict free trade. Leave aside the question of whether a government-owned company can ever engage in "free trade."
U.S. citizens are prohibited by law from controlling businesses in the UAE.
MiddleEastLaw.com advises: "Foreign investors are permitted to hold an equity ownership in U.A.E. companies as long as 51% of the equity is held at all times by U.A.E. nationals."
Not that there is a double standard or anything. I'm all for free trade and open markets but it seems as if many times our country engages in an enterprise in the name of free trade while our "partners" take advantage of us.
It is not "free trade" if one country devalues it's currency to keep the price of exports low and the price of imports high. It is not "free trade" to open our markets to foreign investments from countries who do not allow the same for us.
To cling to a notion of free trade while there is an unlevel playing field is not being conservative, it's being stupid.