WASHINGTON (Sputnik) — Documents related to the Trade in Services Agreement (TISA) made public on WikiLeaks on Wednesday reveal it will help extend an international legal system undermining national sovereignty, President of Institute for America’s Future Robert Borosage told Sputnik.
“These deals are not about luck, but about creating investment deals between international corporate interests,” Borosage said on Thursday. “You are creating a corporate structure that challenges the laws of countries, the constitutions of countries and the ability of governments to run their own affairs and set the standards and laws.”
On Wednesday, WikiLeaks released 17 documents related to TISA, a trade deal negotiated between the United States and 23 other nations, mainly in Europe and South America.
The private and confidential arbitrary courts, he added, can make judgements on behalf of corporations against countries, including the United States, and penalize them for billions of dollars.
“They have created a court system for [the use of] international corporations against governments,” Borosage said.
TISA is one of the largest international economic treaties, according to WikiLeaks.
Critics have acknowledged that TISA is greater in scope than the 1994 North American Free Trade Agreement (NAFTA), but charge it will open the way to coordinated, supranational regulation labor laws, medical systems, finance and industrial policy.
