Trade for Services Agreement

The objective of TiSA is to tighten rules and improve market access for trade in services. Specifically, the agreement negotiated between the parties addresses discriminatory barriers to cross-border trade in services, provides a more predictable investment environment for service providers and improves the mobility of service providers. The negotiating parties shall consider, inter alia, proposals on transparency, national regulation, financial services, telecommunications, electronic commerce, free movement of natural persons, international maritime transport services, air services, state-owned enterprises and express delivery services. TISA is the largest of the three huge multinational trade agreements proposed. Together with the TPP and TTIP, the “Big Three Ts” are creating a new global economic and legal bloc. The TISA is the agreement around the vital service industry. According to the World Bank, services account for around 75% of the EU economy, 80% of the US economy and the majority of the economies of most countries. The global economy is moving towards a service-oriented economy. However, despite its importance, the two US presidential candidates Hillary Clinton and Donald Trump have so far not taken a position on the TiSA agreement. Today`s publication is the most important on secret CSA documents and covers many previously unknown areas. It contains drafts and annexes on topics such as air transport, maritime transport, professional services, e-commerce, delivery services, transparency, national rules and several documents on the positions of the parties to the negotiations.

WikiLeaks has also published a detailed analysis of the topics covered in today`s publication. The Trade in Services Agreement (TiSA) is a draft international trade treaty between 23 parties, including the European Union and the United States. The agreement aims to liberalise global trade in services such as banking, healthcare and transport. [1] Criticism of the secrecy of the deal emerged in June 2014 after WikiLeaks published a secret draft of the financial services annex to last year`s April proposal. [2] Another publication took place in June 2015[3], and another in May 2016. [4] Myth: GBA will lead to the privatization of Canada`s public services, including health and education services. Reality: TISA would not prevent the Canadian government from regulating in the public interest. In gbA, Canada does not offer commitments that would impact publicly funded health services, publicly funded education services, and social services. In all of its free trade agreements, Canada has never made commitments or forced any other party to make commitments to privatize public services. Whenever a customer hires a service provider to perform a paid task, service contracts include the details of the order. This includes work obligations, remuneration and the confidentiality agreement. The Annex on International Maritime Services aims at further liberalisation while respecting the will of each party to protect itself from cabotage.

Today, WikiLeaks published the secret draft text for the financial services annex of the Trade in Services Agreement (TiSA), which covers 50 countries and 68.2%1 of world trade in services. The US and the EU are the main supporters of the agreement and the authors of most of the joint amendments, which also cover the cross-border flow of data. In a major anti-transparency maneuver by the parties, the project was classified as secret in order to keep it secret not only during the negotiations, but also five years after the entry into force of the TiSA. One (1) use of time – The contract acts as a purchase contract and is concluded with the delivery of the exchange items by both parties. An exchange agreement is entered into between two (2) parties who agree on the fair market value of each other`s goods or services. Once agreed, the quantity and delivery date must be reached and the document is ready to be signed. The Annex aims to facilitate the temporary free movement of certain categories of businessmen to provide services. Although the commitments made vary between contracting parties, business travellers, intra-group posted workers, investors and professionals are generally covered. Insured businessmen must enter a country (TiSA parties) for certain commercial purposes under specific conditions set out in a pre-entry contract. This Annex concerns only the temporary mobility of certain undertakings and does not contain any reference to low-skilled workers or permanent immigration.

According to the World Bank, “services” account for 75% of the EU economy and 80% of the US economy. For a typical developing country like Pakistan, services account for 53% of its economy. TiSA covers most of the global economy. The Annex on Road Transport Services aims to clarify what cross-border road freight transport services and related logistics markets are. .