The Trade in Services Agreement (TISA), which aims to liberalise trade in the global services sector between the EU and 22 other countries, could undermine the Paris climate agreement, according to leaked documents. A draft of a report by the European Commission on TTIP says that it would “weaken environmental standards for public procurement and services” as well as increase corporate power over governments. The agreement would also demand that signatories pass legislation prohibiting “anti-competitive conduct” – seen as state support for the renewable sector. A report by the UN conference on trade and development later this week is expected to say that mega-trade deals such as TTIP and Tisa are becoming increasingly politicised, and failing to provide a solution to the slowdown in global growth. Governments would retain the right to regulate, but would have to prove the necessity of measures that restricted multinationals.
The Trade in Services Agreement (TISA), which aims to liberalise trade in the global services sector between the EU and 22 other countries, could undermine the Paris climate agreement, according to leaked documents. A draft of a report by the European Commission on TTIP says that it would “weaken environmental standards for public procurement and services” as well as increase corporate power over governments. The agreement would also demand that signatories pass legislation prohibiting “anti-competitive conduct” – seen as state support for the renewable sector. Governments would retain the right to regulate, but would have to prove the necessity of measures that restricted multinationals.