One day after it leaked a trove of documents related to the massive, pro-corporate Trade in Services Agreement (TISA), WikiLeaks on Thursday published another four chapters of the proposed 52-nation trade deal, covering key areas ahead of the next negotiating round on Monday.
As with Wednesday’s documents, Thursday’s batch of texts reveals “a concerted attempt to place restrictions on the ability of participating governments to regulate services sectors, even where regulations are necessary to protect the privacy of domestic populations, the natural environment or the integrity of public services,” WikiLeaks declares.
“TISA would expand deregulatory ‘trade’ rules written under the advisement of large banks before the financial crisis, requiring domestic laws to conform to the now-rejected model of extreme deregulation that led to global recession.”
Click Here: camiseta river plate—Ben Beachy, Public Citizen’s Global Trade Watch
Combined with Wednesday’s revelations, this week’s leaks underscore how TISA “responds to major corporate lobbies’ desire to deregulate services,” trade expert Deborah James, of the Our World Is Not For Sale (OWINFS) network and the Center for Economic and Policy Research, wrote on Thursday. “This leak exposes the corporate aim to use TISA to further limit the public interest regulatory capacity of democratically elected governments.”
The annexes leaked Thursday—each published alongside expert analysis—relate to regulation of financial services, e-commerce, telecommunication, and maritime transport. As WikiLeaks puts it, the regulations together create “international legal regime which aims to deregulate and privatize the supply of services—which account for the majority of the economy across TISA countries.”
The analyses suggest that TISA would have sweeping implications—from rolling back financial regulations to lowering seafarers’ wages to infringing on privacy rights and internet freedoms.
“As governments around the world implement the lessons of the 2008 financial crisis by re-regulating financial firms to prevent another crisis, the leaked TISA rules could require countries—including the world’s largest financial centers—to halt and even roll back financial regulations,” said Ben Beachy, research director at Public Citizen’s Global Trade Watch and author of the analysis on the leaked Financial Services annex.
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