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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAnother Atrocious Corporate Trade Scheme Planned in Secret Comes to Light
http://www.alternet.org/corporate-accountability-and-workplace/another-atrocious-corporate-trade-scheme-planned-secret-comes?src=newsletter1005187Another secret trade deal has leaked to WikiLeaks and it looks as if it is one more effort to lock into law the interests of certain already-huge corporations above the interests of governments, their citizens and potentially competing businesses.
As with leaks from the secret Tran-Pacific Partnership negotiations, this leak shows that the largest corporations are working to bypass recent efforts by governments to rein them in by pushing through trade agreements that override their ability to write their own laws and regulations.
This time the leak is the Financial Services Annex of the Trade in Services Agreement (TISA). It shows that the TISA negotiations are an effort to not only undo the minimal regulation of Wall Street that occurred after the financial crash, but to further deregulate financial markets worldwide. As WikiLeaks words it, Despite the failures in financial regulation evident during the 2007-2008 Global Financial Crisis and calls for improvement of relevant regulatory structures, proponents of TISA aim to further deregulate global financial services markets.
TISA is a huge trade agreement that covers the services sector, which includes audiovisual; finance; insurance; energy services; transportation, logistics, and express delivery services; information technology services; and telecommunications. TISA currently has 50 countries participating in the negotiations: Australia, Canada, Chile, Taiwan, Colombia, Costa Rica, European Union, Hong Kong, Iceland, Israel, Japan, Liechtenstein, Mexico, New Zealand, Norway, Pakistan, Panama, Paraguay, Peru, Republic of Korea, Switzerland, Turkey, and the United States. (European Union includes: Austria, Belgium, Bulgaria, Cyprus, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and United Kingdom.)
***TISA has had discussion here at DU.
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Another Atrocious Corporate Trade Scheme Planned in Secret Comes to Light (Original Post)
xchrom
Jun 2014
OP
Armstead
(47,803 posts)1. Waiting for the GG pattrol to show up to condemn Wikileaks
If a Republican were President while this as being done....People on DU would be in high indignation. But since a Democratic administration is in charge while this is being imposed it's a giant ho-hum.
woo me with science
(32,139 posts)3. K&R