- Sputnik International
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

Secretive US-EU TiSA Trade Deal ‘Environmental Hazard’ Wrecking Regulation

© AFP 2023 / PHILIPP GUELLAND A banner reading 'Against TTIP, TiSA and CETA' hangs over the entrance of a shop in Garmisch-Partenkirchen, southern Germany
A banner reading 'Against TTIP, TiSA and CETA' hangs over the entrance of a shop in Garmisch-Partenkirchen, southern Germany - Sputnik International
Subscribe
TiSA risks "harmonized down" environmental regulations in the interest of simplifying trade, according to Friends of the Earth.

Hong Kong Chief Executive Leung Chun-ying addresses a press conference in Hong Kong on June 18, 2015 - Sputnik International
Inflexible TPP May Hinder Growth in Asia Pacific
MOSCOW (Sputnik) – The proposed Trade in Services Agreement (TiSA) led by the United States and the European Union, released Thursday by the WikiLeaks whistleblowing website, presents an environmental hazard that drives down regulations, advocacy groups said in a press release.

The leaked text of the TiSA Annex on Environmental Services "confirms many of the fears about the agreement’s potential use to roll back regulatory safeguards related to the environment and to inhibit the promulgation of new environmental measures to protect people and the planet," Friends of the Earth said in its assessment.

The group said TiSA risks "harmonized down" environmental regulations in the interest of simplifying trade.

Aiming to privatize an estimated 70 percent of the world’s services economy and free itself of the WTO’s General Agreement on Trade in Services (GATS), TiSA incorporates a total of 24 parties, including the United States and the European Union.

A man crosses the capital's main avenue, during a full-day general strike in Montevideo, Uruguay, Thursday, Aug. 6, 2015 - Sputnik International
Uruguay's Withdrawal From TiSA Trade Deal in Country's Interests
TiSA is one of three secretive trade deals, including the Trans-Pacific Partnership (TPP) and Transatlantic Trade and Investment Partnership (TTIP), that seek to deregulate trade between the United States and most of the world's economies.

"Together, the three treaties form not only a new legal order hospitable for transnational corporations, but a new economic ‘grand enclosure,’ which excludes China and all other BRICS countries," WikiLeaks said in a press release.

In July, WikiLeaks uploaded 17 documents from TiSA negotiations ahead of negotiations scheduled that month.

Critics say TISA attempts to eliminate trade barriers in sectors favorable to Washington but not in areas where liberalization does not serve US interests.

Uruguay and Paraquay announced in September that they had decided to pull out of the multilateral negotiations.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала