Trade in Services Agreement

[1] Criticism about the secrecy of the agreement arose in June 2014, after WikiLeaks released a classified draft of the proposal's financial services annex, dated the previous April.

The participating countries started crafting the proposed agreement in February 2012[5] and presented initial offers at the end of 2013.

Some claim that the aim of TISA is the privatization of worldwide trade in services in areas such as banking, healthcare, and transport.

[9] The EU has stated that companies outside its borders will not be allowed to provide publicly funded healthcare or social services.

[15] WikiLeaks released a classified draft of the proposal's financial services annex in June 2014, dated the previous April.

[17] A preliminary analysis of the Financial Services Annex by prominent free trade critic Professor Jane Kelsey, Faculty of Law, University of Auckland, New Zealand was published with the WikiLeaks release.

David Cay Johnston said, "It is ... hard to make the case that the cost of keeping a duplicate record at the home office in a different country is a burden."

He noted that business records requirements are sufficiently important that they were codified in law even before the Code of Hammurabi.

"[20] Canadian activist and politician Maude Barlow argued the TISA didn't protect semi-public services funded by private subjects and by the public authority.

For profit corporations were enabled to sue a supranational judicial system so as to avoid the domestic courts.