And TISA has been under negotiation while we’ve all been fussing over TTIP. How clever.
The worst part of the Independent article raising the alarm about this newly-revealed plan is the lack of detail.
Apparently, TISA will include clauses that will prevent governments taking public control of strategic services, and inhibit regulation of the banks that created the financial crash.
And there’s a threat to the UK’s sovereignty that would turn Brexit into a pointless gesture: It seems that if we sign up to TISA, our ability to control our economy – to regulate, to protect public services, to fight climate change – is massively reduced.
Big business would be making public policy – overtly, as opposed to what many people currently believe, which is that businesses make policy through MPs.
If anybody can shed more light on this matter, please get in touch.
An international trade deal being negotiated in secret is a “turbo-charged privatisation pact” that poses a threat to democratic sovereignty and “the very concept of public services”, campaigners have warned.
But this is not TTIP – the international agreement it appears campaigners in the European Union have managed to scupper over similar concerns – this is TISA, a deal backed by some of the world’s biggest corporations, such as Microsoft, Google, IBM, Walt Disney, Walmart, Citigroup and JP Morgan Chase.
Few people may have heard of the Trade In Services Agreement, but campaign group Global Justice Now warns in a new report: “Defeating TTIP may amount to a pyrrhic victory if we allow TISA to pass without challenge.”
Like the Transatlantic Trade and Investment Partnership, TISA is being negotiated in secret, even though it could have a major impact on countries which sign up.
While TTIP is only between the EU and US, those behind TISA have global ambitions as it involves most of the world’s major economies – with the notable exceptions of China and Russia – in a group they call the “Really Good Friends of Services”.
The Department for International Trade dismissed the idea that public services were at risk from TISA, adding that the UK was committed to securing an “ambitious” deal.
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