Monday, June 01, 2015

Secret Trade Agreement No.3 - TISA - Trade In Services

In brief:

A February 2015 draft of the secret Trade In Services Agreement (TISA) was leaked again last week, revealing a more extensive and more recent text than that of portions from an April 2014 leak that we covered last year. Together with the Trans-Pacific Partnership (TPP) and the Trans-Atlantic Trade and Investment Partnership (TTIP), TISA completes a trifecta of trade agreements that the administration could sign under Fast Track without full congressional oversight.
Although it is the least well-known of those agreements, it is the broadest in terms of membership. As far as we know, it presently includes twenty countries plus Europe (but notably excluding the major emerging world economies of the BRICS bloc), who, with disdainful levity, have adopted the mantle “the Really Good Friends of Services”. Like its sister agreements, TISA will enact global rules that impact the Internet, bypassing the transparency and accountability of national parliaments. The only difference is that its focus is on services, not goods.



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