11:36 GMT +319 September 2018
Listen Live
    Anti-TTIP, TISA poster

    TISA Endangers Uruguay’s Ties With Non-Negotiating States – Ex-Minister

    © Flickr / Mehr Demokratie
    Business
    Get short URL
    0 83

    Uruguay's main objection to the Trade in Services Agreement (TISA) is the potential damage it could cause to the country's economic relations with its largest trading partners who are not participating in the negotiations, Uruguay's former Minister of Social Development, Daniel Olesker, told Sputnik.

    MONTEVIDEO (Sputnik) — TISA is a proposed international trade deal between 24 parties, initiated by the United States and EU member states, to open up trade in services to a greater degree than allowed by the current General Agreement on Trade in Services (GATS). Last week, Uruguay announced that it had pulled out of the multilateral negotiations.

    "The foreign policy of the country in the last ten years was focused on the development of a privileged partnership with the regional states and partners outside the region, primary on the process of fostering business relationship with China," Olesker said.

    He added that the three main strategic partners of the country, namely Brazil, Argentina and China, are not participating in the negotiations.

    In his opinion, opening up Uruguay's domestic market to foreign investment would "put into question some very important sectors of the country's economy, like those where the state has a monopoly, or those where there is competition between private and state-owned companies, such as the healthcare system."

    "Agreements on trade liberalization in general tend to strengthen the more developed states and hurt those less developed," Olesker stressed.

    TISA grew out of Washington’s frustration at its failure to persuade other countries, especially in the developing world, to lower trade barriers in the services markets that the United States and other countries have been keen to penetrate for decades.

    Critics say TISA attempts to eliminate trade barriers in sectors favorable to Washington but not in areas where liberalization does not serve US interests and paves the way for coordinated, supranational labor laws, medical systems, finance and industrial policy that will undermine local governments' ability to protect its citizens.

    Related:

    The TISA Scare
    Treaty in Services Agreement (TISA) - International Trade Deal
    WikiLeaks: TISA to Block Other Deals Aiming to Boost Developing Economies
    TISA, TTIP Deals to Erode Democracy, Favor Deregulation - NGO
    Tags:
    trade, Trade in Services Agreement (TISA), Daniel Olesker, China, Uruguay
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment