Trans-Pacific Partnership (TPP) is replaced with the Trade in Services Agreement (TiSA)

One of the first things the newly elected President Donald Trump did just after officially taking office as the new CEO of the U.S. corporation, was to sign an executive order (only private corporations can sign executive orders) withdrawing the U.S. corporation from the TPP (Trans-Pacific Partnership) trade agreement. What very few people are aware of is that the TPP agreement will be replaced with Trade in Services Agreement known as (TiSA). Negotiations for TiSA have been going on since April, 2013 and have primarily been led by the US, the EU, and Australia and includes Japan. Japan has written their own agreement on TiSA in the form of a document submitted to negotiators in English which can be read online. Unlike the TPP agreement on trade, the TiSA agreement allows megabanks to make decisions on what is good for the people of the respective nations involved with TiSA.

Proposal by Japan on the Negotiations on Trade in Services

I. Introduction

  1. According to the “Roadmap” adopted by the Special Session of the Council for Trade in Services in May 2000, which states “proposals would be submitted by Members by the end of December 2000,” Japan hereby submits this proposal.

2. The proposal consists of two parts: “II. Japan’s Position on How to Proceed with the Negotiations” and “III. The Significance of Liberalisation and Expectations from the Negotiations.” In the procedural part, Japan’s position is expressed, in a comprehensive manner, on various points concerning the negotiations, including those identified in paragraph 2 (c) of the “Roadmap.” The latter part provides, in an illustrative list, a number of issues in various sectors that are expected to be solved in the service negotiations.

3. As is expressed in paragraph 2 (b) of the “Roadmap,” flexibility is given to Members to make further or more detailed proposals in the future. Accordingly, Japan reserves its right to make further or more detailed proposals.

II. Japan’s Position on How to Proceed with the Negotiations

4.  Article XIX of the GATS stipulates, “In pursuance of the objectives of this Agreement, Members shall enter into successive rounds of negotiations…with a view to achieving a progressively higher level of liberalisation.” While Members need to pay due attention to other relevant provisions of the GATS, the achievement of “a progressively higher level of liberalisation” is the primary objective of the current negotiations.

5. Based on its experience as a net importer in the service trade, Japan has made its own assessment of trade in services (please see S/C/W/105, April 1999). According to our assessment,

To read the entire agreement please refer to Japan’s Ministry of Foreign Affairs website.