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Wednesday, August 31, 2016

Meet TISA, the 'secret privatisation pact that poses a threat to democracy'

http://www.independent.co.uk/news/business/news/ttip-trade-deal-new-what-is-tisa-privatisation-pact-secret-threat-to-democracy-a7216296.html

Few people may have heard of the Trade In Services Agreement, but campaign group Global Justice Now warns in a new report: "Defeating TTIP may amount to a pyrrhic victory if we allow TISA to pass without challenge."
Like the Transatlantic Trade and Investment Partnership, TISA is being negotiated in secret, even though it could have a major impact on countries which sign up.
...
"TISA threatens public services. From postal services to the NHS, TISA could lock in privatisation and ensure that big multinationals increasingly call the shots on areas like health, education and basic utilities."
A so-called "ratchet" clause in the deal means that after a service -- like trains or water or energy -- is privatised, this is almost impossible to reverse even if it fails.

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