• Little known “TiSA” could solidify global governance.
By Mark Anderson —
The Trans-Pacific Partnership (TPP) and the U.S.-EU Transatlantic Trade and Investment Partnership (TTIP) will bring plenty of trouble if fully approved. The 12-nation TPP would be the world’s largest-ever trade and investment scheme, straddling the Pacific. TTIP would go so far as merging the United States and European Union (EU) regulatory systems by creating a wholly new “common market,” mirroring the early common market that over several decades led to the creation of the EU itself.
But there is also the lesser-known Trade in Services Agreement (TiSA), which would be imposed on nearly the entire world.
Christian Gomez of the John Birch Society, wrote on August 18, 2015: “The TiSA would give the UN’s World Trade Organization (WTO) unprecedented control of the service sector, including jobs in banking, finance, courier and postal services, delivery and freight services, energy distribution, health care, insurance, maritime, professional services, legal services, licensing, real estate, telecommunications, transportation, tourism and much more.”
The whistleblowing website “WikiLeaks,” which has been dissecting TiSA, added: “According to World Bank figures, ‘services’ comprise 75% of the EU economy and 80% of the U.S. economy. For a typical developing country like Pakistan, services comprise 53% of its economy. The TiSA covers the majority of the global economy.”
Regarding TiSA’s stated purpose, the Office of U.S. Trade Representative (USTR) declared, “TiSA will support the development of strong, transparent and effective regulatory policies, which are so important to enabling international commerce.”
USTR added that the above-listed array of services “account for three-quarters of U.S. GDP and four out of five jobs in the United States,” which strongly indicates how steep the industrial-manufacturing job losses have been—aided by operational trade deals like the North American Free Trade Agreement (NAFTA), enacted just over 20 years ago, and the Central American Free Trade Agreement (CAFTA), enacted just over 10 years ago.
WikiLeaks, which leaked portions of TiSA on its website, noted in a recent posting: “TiSA is the larger component of the strategic TPP-TiSA-TTIP ‘trinity.’ All parts of the trinity notably exclude the ‘BRICS’ countries of Brazil, Russia, India, China and South Africa. . . . TiSA is currently under negotiation between the United States, the European Union and 23 other countries. [It] creates an international legal regime that aims to deregulate and privatize the supply of services—which account for the majority of the economy across TiSA countries.”
According to draft text from TiSA, one of dozens of sections exposed by WikiLeaks, TiSA:
• Undermines financial reforms enacted since the financial crisis and bank bailouts of 2008 but continues to restrict “how legislators, regulators and supervisors can regulate the financial sector”;
• Contains a “standstill” clause, meaning that financial sector regulations may be literally frozen and no new restrictions allowed; and
• Would require each country to remove or limit any measure, even if they’re non-discriminatory, that has “significant adverse effects” on foreign financial services suppliers, such as when these suppliers argue that they “cannot expand their activities in the whole of the host country, or cannot sufficiently compete in the host country even if all TiSA provisions are respected.” Peru has opposed this measure.
The basic free trade credo in NAFTA-CAFTA is the same for TPP, TTIP and TiSA—based on the preposterous notion that parts suppliers, final product producers and consumers can and should be oceans apart. There is also the absurdity that nations should bleed their wealth by exporting their way to prosperity.
Former Treasury analyst (and Space Shuttle Challenger whistleblower) Richard C. Cook and social credit expert Wallace Klinck of Alberta, Canada, among other analysts, have separately established that our export obsession is a search for foreign purchasing power—borne of the fact that domestic purchasing power is so sorely lacking. Because the entire money and credit supply springs from interest-bearing loans, the drain exerted on the economy by interest obligations and other factors always results in too-little domestic purchasing power compared to the mountains of final products awaiting purchase.
Thus, nations unable to liquidate their own production go in search of more purses and wallets abroad to sell what’s been produced in order to stimulate more production. When the system inevitably malfunctions badly enough, war is a certainty as the time-honored measure of “rebooting” a vastly defective financial system.
Given recent TPP delays, now is the perfect time to keep sustained pressure on Congress to end all this trade treachery. Call (and write) your representatives and key committee members at 202-224-3121 or 225-3121 and don’t back down.
AFP Roving Editor Mark Anderson is a veteran reporter who covers the annual Bilderberg meetings and is chairman of AFP’s new America First Action Committee, designed to involve AFP readers in focusing intensely on Congress to enact key changes, including monetary reform and a pullback of the warfare state. He and his wife Angie often work together on news projects.