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In reply to the discussion: Secret trade agreement covering 68 percent of world services published by WikiLeaks [View all]G_j
(40,372 posts)Dr. Patricia Ranald, a research associate at the University of Sydney and convener of the Australian Fair Trade and Investment Network, told the paper that the documents suggest the US wants to tie the hands of other governments, including allied ones, by way of sheer deregulation.
Amendments from the US are seeking to end publicly provided services like public pension funds, which are referred to as 'monopolies' and to limit public regulation of all financial services, she said. ''They want to freeze financial regulation at existing levels, which would mean that governments could not respond to new developments like another global financial crisis.''
Earlier this week, US Trade Representative Michael Froman said the TISA deal was already well on its way to being put together.
"The basic framework of the agreement is in place, initial market access offers have been exchanged, and sector-specific work in areas like telecommunications andfinancialservices is in full swing, Froman said, according to Reuters.