Trade in Services Agreement
This is the secret February 2015 draft of the Trade in Services Agreement (TiSA) Financial Services Annex, including negotiating positions. TiSA is currently under negotiation between the United States, the European Union and 23 other countries. The Agreement creates an international legal regime which aims to deregulate and privatize the supply of services - which account for the majority of the economy across TiSA countries. The draft Annex sets rules which would assist the expansion of financial multi-nationals – mainly headquartered in New York, London, Paris and Frankfurt – into other nations by preventing regulatory barriers. This text dates from shortly after the 11th round of TiSA negotiations held from 9-13 February 2015 in Geneva, Switzerland.