Pakistan part of the world trade agreement - WikiLeaks publishes 'secret draft'

[Counter-Errorist]

WikiLeaks publishes 'secret draft' of world trade agreement - World - CBC News

WikiLeaks has published what it calls "the secret draft text for the Trade in Services Agreement (TISA) Financial Services Annex," apparently covering 50 countries and most of the world's trade in services.

• WikiLeaks: Secret Trade in Services Agreement document
• Julian Assange: The man behind WikiLeaks
• WikiLeaks players and key moments

"The draft Financial Services Annex sets rules which would assist the expansion of financial multinationals — mainly headquartered in New York, London, Paris and Frankfurt — into other nations by preventing regulatory barriers," the website says in a statement.

The draft deal is seen as a way to prevent more regulation of financial services, despite calls for tighter regulatory measures that followed the 2007-08 world financial crisis. That market meltdown set the world's biggest banks up against critics who said governments needed to rein them in.

Canada is among the countries named as being partner to the negotiations. The last round of TISA talks took place April 28 to May 2 in Geneva.

WikiLeaks also alleged in its statement that the U.S. is "particularly keen on boosting cross-border data flow" and that this would include personal and financial data.

On Wednesday, WikiLeaks founder Julian Assange promised the release of a massive cache of documents Thursday, involving 50 countries, including Canada.

Speaking with reporters Wednesday in London, where he has taken refuge in the Ecuadoran Embassy to avoid extradition to Sweden, Assange also said he plans to mount a new legal challenge to the Swedish sexual assault allegations he is facing.

During his teleconference, he also urged U.S. Attorney General Eric Holder to end a four-year-long grand jury investigation of Assange and WikiLeaks.

"National security reporters are required by their profession to have intimate interactions in order to assess and verify and investigate the nature of the material that they are dealing with," he said. "So I call on Eric Holder today to immediately drop the ongoing national security investigation against WikiLeaks or resign."

Direct link to the PDF Draft

This is the secret draft of the Trade in Services Agreement (TISA) Financial Services Annex, currently
under negotiation between Australia, Canada, Chile, Chinese Taipei (Taiwan), Colombia, Costa Rica,
Hong Kong, Iceland, Israel, Japan, Liechtenstein, Mexico, New Zealand, Norway, Pakistan, Panama,
Paraguay, Peru, South Korea, Switzerland, Turkey, the United States, and the European Union,
including its 28 member states Austria, Belgium, Bulgaria, Cyprus, Croatia, Czech Republic, Denmark,
Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg,
Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the United
Kingdom. The Agreement is meant to liberalize trade in services amongst the world's largest services
providers, and it is being negotiated outside of the WTO framework. TISA members hold the largest
services markets worldwide, with a combined GDP of over two-thirds of the world economy. This text
was drafted just before the 6th round of TISA negotiations held from 28 April - 2 May in Geneva,
Switzerland. The next round of negotiations are set to be held 23-27 June in Geneva

PDF Analysis of the document

 

[Dr. Strangelove]

@Counter-Errorist please elaborate i cant make head or tail of this thing whats its purpose

 

[Counter-Errorist]

@Counter-Errorist please elaborate i cant make head or tail of this thing whats its purpose

Let me summarize:

1. The trade was being drafted in secret with a complete media blackout
2. As its chief goals, the TISA should expand access to foreign markets for US service industries and ensure that the US receive national and most-favored nation treatment
   
3. The leaked draft also shows that the US is particularly keen on boosting cross-border data flow, which would allow uninhibited exchange of personal and financial data
   
4. It should also lift foreign governments’ sectoral limits on investment in services
5. Eliminate regulatory inconsistencies that at times loom as trade barriers
6. Prohibit restrictions on legitimate cross‐border information flows and bar local infrastructure mandates relating to data storage
   
7. They want to freeze financial regulation at existing levels, which would mean that governments could not respond to new developments like another global financial crisis
   
8. It aim to further deregulate global financial services markets
   
9. Notable absent from the agreement are BRIC nations

Source: Secret trade agreement covering 68 percent of world services published by WikiLeaks — RT USA