Leaked Docs reveal that little-known corporate treaty poised to privatize and deregulate public services across globe
An enormous corporate-friendly treaty that many people haven’t heard of was thrust into the public limelight Wednesday when famed publisher of government and corporate secrets, WikiLeaks, released 17 documents from closed-door negotiations between countries that together comprise two-thirds of the word’s economy.
Analysts warn that preliminary review shows that the pact, known as the Trade in Services Agreement (TISA), is aimed at further privatizing and deregulating vital services, from transportation to healthcare, with a potentially devastating impact for people of the countries involved in the deal, and the world more broadly.
“This TISA text again favors privatization over public services, limits governmental action on issues ranging from safety to the environment using trade as a smokescreen to limit citizen rights,” said Larry Cohen, president of Communications Workers of America, in a statement released Wednesday.
Under secret negotiation by 50 countries for roughly two years, the pact includes the United States, European Union, and 23 other countries—including Israel, Turkey, and Colombia. Notably, the BRICS countries—Brazil, Russia, India, China, and South Africa—are excluded from the talks.
“It’s a dark day for democracy when we are dependent on leaks like this for the general public to be informed of the radical restructuring of regulatory frameworks that our governments are proposing.”
—Nick Dearden, Global Justice Now
Along with the Trans-Pacific Partnership (TPP) and Transatlantic Trade and Investment Partnership (TTIP) negotiations, which are also currently being negotiated, TISA is part of what WikiLeaks calls the “T-treaty trinity.” Like the TTP and TTIP, it would fall “under consideration for collective ‘Fast-Track’ authority in Congress this month,” WikiLeaks noted in a statement issued Wednesday.
However, TISA stands out from this trio as being the most secretive and least understood of all, with its negotiating sessions not even announced to the public.