Articles Tagués ‘TISA’

Non au Traité Transatlantique

Memorandum on Leaked TISA Financial Services Text

by Professor Jane Kelsey, Faculty of Law, University of Auckland, New Zealand

This memorandum provides a preliminary analysis of the leaked financial services chapter of the Trade in Services Agreement dated 14 April 2014. It makes the following points:

  • The secrecy of negotiating documents exceeds even the Trans-Pacific Partnership Agreement (TPPA) and runs counter to moves in the WTO towards greater openness.
  • The TISA is being promoted by the same governments that installed the failed model of financial (de)regulation in the WTO and which has been blamed for helping to fuel the Global Financial Crisis (GFC).
  • The same states shut down moves by other WTO Members to critically debate these rules following the GFC with a view to reform.
  • They want to expand and deepen the existing regime through TISA, bypassing the stalled Doha round at the WTO and creating a new template…

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