Monday, September 7, 2015

Little known “TiSA” could solidify global governance

The Trans-Pacific Partnership (TPP) and the U.S.-EU Transatlantic Trade and Investment Partnership (TTIP) will bring plenty of trouble if fully approved. The 12-nation TPP would be the world’s largest-ever trade and investment scheme, straddling the Pacific. TTIP would go so far as merging the United States and European Union (EU) regulatory systems by creating a wholly new “common market,” mirroring the early common market that over several decades led to the creation of the EU itself. 

But there is also the lesser-known Trade in Services Agreement (TiSA), which would be imposed on nearly the entire world. 

Christian Gomez of the John Birch Society, wrote on August 18, 2015: “The TiSA would give the UN’s World Trade Organization (WTO) unprecedented control of the service sector, including jobs in banking, finance, courier and postal services, delivery and freight services, energy distribution, health care, insurance, maritime, professional services, legal services, licensing, real estate, telecommunications, transportation, tourism and much more.” 

The whistleblowing website “WikiLeaks,” which has been dissecting TiSA, added: “According to World Bank figures, ‘services’ comprise 75% of the EU economy and 80% of the U.S. economy. For a typical developing country like Pakistan, services comprise 53% of its economy. The TiSA covers the majority of the global economy.” 

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