Home / Foreign Affairs / TPP is Dead, But It’s About to Be Replaced by Something Much Worse — TISA

TPP is Dead, But It’s About to Be Replaced by Something Much Worse — TISA

The President has a huge PR problem on his hands. How Donald Trump keeps his campaign promise to kill the Trans-Pacific Partnership (TPP) and remains on good terms with our Asian allies and trading partners may be as simple as a change in semantics. In other words, he’s simply going to call it another name; The Trade-in-Services Agreement (TISA). And some are saying the deal is much worse than the TPP ever was.

According to the source who has inside documentation, the TISA, “if passed would prohibit regulations on the financial industry, eliminate laws to safeguard online or digital privacy, render illegal any ‘buy local’ rules at any level of government, effectively dismantle any public advantages to be derived from state-owned enterprises and eliminate net neutrality.” Some have said that keeping financial institutions in check has been the only thing preventing another global financial crisis. And while the citizens’ right to privacy is currently somewhat tenuously protected by privacy laws, hardly anyone can imagine the impact losing those privacies would entail.

TISA’s specifics are shrouded in secrecy, with Wikileaks and Bilaterls being the only ones to have published any information related to its details.

According to Counter Punch, “Earlier draft versions of TISA’s language would prohibit any restrictions on the size, expansion or entry of financial companies and a ban on new regulations, including a specific ban on any law that separates commercial and investment banking, such as the equivalent of the U.S. Glass-Steagall Act. It would also ban any restrictions on the transfer of any data collected, including across borders; place social security systems at risk of privatization or elimination; and put an end to Internet privacy and net neutrality.”

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Just in case one might be tempted to think the TISA is just hearsay, rumor, or the fodder of conspiracy theorists, the facts are that over 50 countries are actively engaged in negotiations to enact TISA. “The European Union is negotiating TISA on behalf of its 28 member countries, along with, among others, the United States, Canada, Mexico, Australia, New Zealand, Japan, South Korea, Taiwan, Chile, Colombia, Peru, Norway, Switzerland, Pakistan and Turkey,” according to the documents.

It’s possible some countries are already making moves to allow for the financial takeover. Over the last few months, India has reclaimed most of its currency in circulation by forcing its holders to surrender their currency to the banks or lose their wealth forever. The new currency will replace the old but in order to make the exchange, all cash holding citizens must surrender their bills to the banks to have its value sustained.

According to the Government of Sweden’s fact sheet on TISA, the goal of the agreement is pretty straightforward, largely resembling (for lack of a better analogy) a global NAFTA. They write:

The basic premise is to further develop the General Agreement on Trade in Services (GATS) and create a better and more predictable agreement. The aim is for the agreement to eventually be integrated into the WTO. New countries are officially welcome and a number of countries have joined in since the start. If more countries joined, the benefits of TiSA would increase. This would also be a step towards integrating TiSA into the WTO. One key issue is the participation of China, which requested in 2013 to be allowed to take part in the negotiations. China’s entry to TiSA has clear political support from the EU.

TISA’s internet regulations, which have been dubbed “a virtual copy-and-paste out of the TPP’s Electronic Commerce chapter,” will most likely be rammed through by those who stand to gain from it — mega corporations and government who want to control the flow of digital information.

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As the European Digital Rights (EDRi) stated in a letter opposing the Orwellian data measures in TISA:

Fundamental rights must be respected and not negotiated upon. Therefore, data flows–which refer to transfers of individuals’ personal data–must not be part of trade agreements. Trade negotiations are not suitable for shaping rules affecting fundamental rights and the rule of law in a democratic society.

  • Michael Saenz

    The donald won’t go for it. It’s time to take the banks and mega corporations down.
    We will see what. Happens.

    • Hugo Spinoso

      thats the problem with trump,it might be used to exploit security measures, like the internet, creating and inverted siege, he left the tpp and nafta but this problem is also internal by itself and worst with new technologies.

      • Michael Saenz

        You have to remember that there are hacktivist groups out there that won’t let government control of the internet happen. They can try but then there’s always the dark web to work from and government hacks do not know
        Anything about that at all. They’re all a bunch of rich out of touch technically
        Lay individuals.

        • Art of Conversation

          Saying that the government doesn’t know anything about the deep web is absolutely laughable.

          • Michael Saenz

            The dark web is a place where you can spoof your location and if you’re careful can go about your business unmolested by the prying eyes of
            The Fed’s. The why I stated, “working from”. You can access the deep web
            Or the dark web using the tor encryption tool but first understand that there are distinct differences between the two in terms of a users intent.

          • Art of Conversation

            Dark and deep are synonymous in this case, intent doesn’t change the definition. But even if you put that aside, TOR isn’t completely anonymous. You have to remember that the US Government invented TOR for spying purposes (made by the Naval Research Laboratory) and they still run exit nodes. If you can just go without the feds seeing you forever, how do markets like Silk Road and Agora get busted? How do Child Porn sites get shut down? The government is very well aware of the “deep dark web” and what goes on there.

          • Michael Saenz

            It’s really quite simple. How did the silk road, Agora and child porn websites get taken down? They all had one thing in common.
            Some sort of palpable product, an end user who handled that and
            An fbi that used good old fashion sleuthing, not to mention that
            This sort of activity is illegal and immoral as well, in the physical
            world so those engaged in this sort of activity, their intent is very
            clear, whereas hacktivism is a noble cause and a threat to the deep
            state. I do believe there are distinct differences between the deep web and the dark web or dark internet in that the deep web
            By some estimates, this part of the internet is estimated to be 400 to 500 times as large as the Surface Web. Sometimes you will hear the term Deep Web used interchangeably with “Dark Web,” but they aren’t really the same thing. The Dark Web actually refers to a set of accessible, albeit anonymously hosted, websites that exist within the Deep Web. So
            There you have it.

          • Art of Conversation

            I think you’re a little misguided, bud.

          • Michael Saenz

            Ok clue me in?

  • FiuToYou

    If President Trump goes along with this, all hope is gone for all good things. We don’t need more Government control, we need more people controlling Government!!

  • Daniel

    Getting rid of “Net Neutrality” is a great thing. And removing banking regulations will be even better. Banking regulations are created by big banks to prevent competition by small banks.

  • Hugo Spinoso

    som it is a unregulated international trade, with no measures for regional commerce and production, with international stadards for sale products and mass productiond along with regulated information for electronic borders and corsscountry information.?

    what could possibly be the end result of this?. a good starting point will be europe.

    this might go along with current “right” surge in countries internet for security and terrorism measures and trade because its got the word free on it.

  • 17bob3O

    If you click on the “source” highlighted you will note that this “treaty” was “negotiated in 2016. I wasn’t aware Trump was the president in 2016?