Posts Tagged ‘TPA’

Today, 1500 CEST Wednesday, 1 July 2015, WikiLeaks releases a modern journalistic holy grail: the secret Core Text for the largest ‘trade deal’ in history, the TiSA (Trade In Services Agreement), whose 52 nations together comprise two-thirds of global GDP. The negotiating parties are the United States, the 28 members of the European Union and 23 other countries, including Turkey, Mexico, Canada, Australia, Pakistan, Taiwan and Israel.

Today’s publication happens the week before the next TiSA negotiating round that begins on Monday, 6 July. WikiLeaks is also today publishing the full agenda for next week’s negotiations, which shows that discussions will focus on Financial Services, Telecommunications and the Movement of Natural Persons.

WikiLeaks is also publishing a previously unpublished Annex text – the secret TiSA Annex on Government Procurement. The draft Annex aims to reduce procurement regulation to ensure that TiSA governments will not favour local services over services supplied by foreign multinationals.

WikiLeaks is also publishing the new negotiating texts for three highly controversial TiSA annexes: the annexes on the Movement of Natural Persons, the Domestic Regulation Annex and the Transparency Annex. All three texts include negotiating positions of each of the participant countries in the TiSA negotiations, and illustrate developments from previous versions of the TiSA annexes, also published by WikiLeaks.

WikiLeaks has also released 36 pages of our own expert analysis.

(more…)

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Obama’s secret trade deals greatly favors big banks. Brown says, “It looks to me the banking system is in control. That’s where all the big money comes from, and that’s where the two big parties got their money. It’s been this way ever since Rockefeller and Morgan back then in 1900—the Democrats and the Republicans. Brown goes on to say, “The goal here is “they” want to own everything and rent it back to us. So, law is no longer a way to protect the people. Law is now to protect the corporations and serve the corporations.”

Rule of law only exists when reaching for average Joe’s wallet or plain Jane’s purse.

fast-track-protesters

The Trade Promotion Authority legislation would make it easier for the president to negotiate trade deals, such as the Trans-Pacific Partnership, by preventing them from being amended by Congress.

President Obama scored a major victory for his trade agenda Tuesday, when the Senate voted to end debate on legislation granting him enhanced negotiating powers to complete the Trans-Pacific Partnership trade accord.

The Senate voted 60 to 37 on Tuesday advancing US President Barack Obama’s Trade Promotion Authority (TPA) legislation, which will now go up for a vote in Congress.

The Senate cloture vote allows up to 30 hours of debate before the final Senate vote on TPA takes place. The US House of Representatives will likely to vote on the legislation as early as Friday, according to media reports.

The TPA fast-track authority would enable President Obama to conclude the ongoing free-trade agreements with US trade partners in the Trans-Atlantic and Trans-Pacific. The US Congress would be relegated to a vote for or against the trade agreements after they are concluded.

Source: [Sputnik News]