from Common Dreams
Even as it continued to post new batches of emails from Clinton campaign chairman John Podesta, Wikileaks on Friday also published new draft chapters of the Trade in Services Agreement (TISA) which shed new light on the pending deal that critics say puts global economies at further risk from powerful banks, financial institutions, and corporate greed.
The latest release follows a series of others by the pro-tranparency publication and comes just days ahead of the next round of TISA negotiations set to begin Monday in Washington, DC. The leaked documents included in Friday’s release include three draft chapters from the agreement—covering “Financial Services,” “Localization Provisions,” and “Bilateral Market Access.” The chapters are from June of this year and bring the number of documents related to the TISA negotiations published by Wikileaks up to 70 total.
Along with the Trans Pacific Partnership (TPP) and the TransAtlantic Trade and Investement Partnership (TTIP), TISA is actually the largest of the “Three Big T’s” of pending international agreements that seek to further shape the global economic and legal systems in favor of major corporations and elite interests. TISA is the largest of the three deals, and according to World Bank figures cited by Wikileaks, services that would be covered by the massive agreement comprise around 75% of the EU economy, 80% of the US economy and the majority of economies of most countries.
However, notes Wikileaks, “despite its importance both the US Presidential candidates Hillary Clinton and Donald Trump have thus far given no position on the TISA Agreement.”
According to one of the companion analyses by Wikileaks released alongside the TISA chapters, the current deal, if finalized, “would heighten risks of financial instability and handcuff governments’ ability to respond to a domestic or global financial crisis at a time when everyone (except the finance industry and its political allies) agree that we need more financial regulation, not less.”
In response to the latest leaks on Friday, the leaders of organized labor unions said it was more clear than ever that TISA “is no more than a corporate power grab and that negotiations must be stopped.”
In a joint statement, those unions said the wide scope of “the deregulatory agenda and attack on democratic governance” found in the TISA chapters “has been exposed” and criticized European Union governments for attempting to hijack control of every level of governance from the municipal to national levels of partner countries. Their review of the chapters found clear evidence that European countries are demanding deeper liberalization of public services both within the EU and beyond.
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Filed under: Global Free Market Wars, Globalization, Neoliberalizing America, TiSA, TPP, TTIP | 1 Comment »