Think the TPP is Gone? WRONG — It’s About to Get Replaced with Something Much Worse
- Think the TPP is Gone? WRONG — It’s About to Get Replaced with Something Much Worse
by On January 23rd, many Americans rejoiced as Donald Trump formally withdrew the United States from the TPP. The only problem is, the TPP is about to get replaced with something even worse. |
Quietly in the background, discussed in meetings even more secretive than those under which the TPP was negotiated, some 50 countries have been formulating the Trade in Services Agreement known as TiSA.
Negotiations for TiSA have been going on since April 2013 and have primarily been led by the US, the EU, and Australia.
Coming to the TiSA negotiations, it is common knowledge that three members—the US, the EU, and Australia—led the negotiations for the past five years ostensibly for crafting an “ambitious” and “comprehensive” trade agreement. It is supposed to be based on the best provisions of the bilateral and regional trade agreements already signed by some of the participants. (source)
So far these nations have gone through at least 21 rounds of negotiations on this agreement. Countries involved include (but obviously aren’t limited to) Australia, Canada, Chile, Chinese Taipei, Colombia, Costa Rica, the European Union, Hong Kong, Iceland, Israel, Japan, Liechtenstein, Mexico, New Zealand, Norway, Panama, Peru, South Korea, Switzerland, Turkey, US, Pakistan and Mauritius. So, why is TiSA so bad? What would TiSA do? According to Counterpunch:
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