MOSCOW (Sputnik), Anastasia Levchenko — TISA is one of the three hushed-up trade deals, including Trans-Pacific Partnership (TPP) and Transatlantic Trade and Investment Partnership (TTIP), that seek to dismantle trade regulations between the United States and the larger part of world economies.
Altintzis explained that in the services economy, regulation is a determining factor of the ability of foreign companies to penetrate domestic markets.
"It is quite worrying that the agreement will not allow to reverse liberalization even where it created damage," Altintzis added.
Critics of the deal have acknowledged that TISA is greater in scope than the 1994 North American Free Trade Agreement (NAFTA), but say it will open the way to coordinated, supranational regulation labor laws, medical systems, finance and industrial policy.