Uruguay Withdraws From TISA, Symbolic Blow To Trade Deal
By Glyn Moody in Tech Dirt - Techdirt first mentioned the Trade in Services Agreement (TISA) last year, when "The Really Good Friends of Services" -- the self-chosen name for about 20 members of the World Trade Organization -- could no longer keep their plans locked behind closed doors, and word started to spread. Essentially, TISA completes the unholy trinity of global trade agreements that also includes TPP and TAFTA/TTIP. Between the three of them, they sew up just about every aspect of trade in both goods and services -- the latter being TISA's particular focus. They share a common desire to liberalize trade as much as possible, and to prevent national governments from imposing constraints on corporate activity around the world.
One particularly blatant reflection of this desire is the inclusion of something called the "ratchet clause."