WikiLeaks Publishes Secret International Trade Agreement

schwit1 (797399) writes "The text of a 19-page, international trade agreement being drafted in secret was published by WikiLeaks as the transparency group's editor commemorated his two-year anniversary confined to the Ecuadorian Embassy in London. Fifty countries around the globe have already signed on to the Trade in Service Agreement, or TISA, including the United States, Australia and the European Union. Despite vast international ties, however, details about the deal have been negotiated behind closed-doors and largely ignored by the press. In a statement published by the group alongside the leaked draft this week, WikiLeaks said "proponents of TISA aim to further deregulate global financial services markets," and have participated in "a significant anti-transparency maneuver" by working secretly on a deal that covers more than 68 percent of world trade in services, according to the Swiss National Center for Competence in Research.

Comments

This is just fucked up

[Anonymous Coward]

So, this agreement is about "Financial Services". In the section called "Transparency", it says:

"The Parties recognize that transparent regulations and policies governing the activities of financial service suppliers are important in facilitating their ability to gain access to and operate in each other’s market. Each Party commits to promote regulatory transparency in trade in financial services."

But then the whole agreement is secret. Great transparency there! It's kind of difficult to take this crap seriously.

Not sure what the "secrecy" fuss is

[schnell]

All treaties are negotiated in secret. Furthermore, at least in the US, no treaty is in effect until it is ratified by the Senate, at which point all the elements of the treaty will be public and heavily debated down to the last comma.

It's great that Wikileaks is giving the world a heads-up view into what is being negotiated, but I don't understand why every Slashdot story about international treaties harps on "negotiated in secret" like that's unusual, or that a treaty can somehow take effect silently and invisibly.

Re:Not sure what the "secrecy" fuss is

[king neckbeard]

Just because treaties often are negotiated in secret doesn't mean that they should be.

Re:Not sure what the "secrecy" fuss is

[Magnus Pym]

You say that as if this is a good thing. Care to elaborate why it is a great idea why trade treaties (as opposed to defense & military) should be negotiated in secret? Seems to me (and many others who are experts on this subject matter) is that secrecy is a wonderful thing for the lobbyists and other corrupt bureaucrats and sucks for the people whom it would ultimately affect (i.e., all of us).

As for it being debated on the senate floor... what a joke. By the time it gets to the senate, the issue has already been framed, and the range of acceptable options narrowly defined. The fact is that many of the ideas should never be allowed to even get that level of legitimacy.

Re:Not sure what the "secrecy" fuss is

[Bing Tsher E]

If the agents involved in the negotiations are private individuals, fine. They are entitled to their privacy. If government agents are involved, they are engaged in the People's Business and we are all entitled to oversee what they're up to.

Re:Not sure what the "secrecy" fuss is

[whoever57]

For example, in a negotiation, a diplomat can say "we don't need the unions to have disproportionate control over production costs", in reference to potentially giving unions control over tariffs

But there is a huge difference between reporting the content of discussions between the parties and publishing early drafts of the proposed treaty.

Re:The elephants are stomping on us again

[SuricouRaven]

When it comes to corporate ownership, the parties are really no different. Just ask, when did you last see any politician of significent position advocate for less restrictive copyright law, or criticise the high subsidies granted to the agricultural industry?

There seems to be an informal agreement between the parties as to which issues are designated the 'subjects of debate' - ideally things which get the public's emotions running high, but don't actually have a significent impact on those in charge or corporate profits. Gay marriage, abortion, that sort of thing.

Re:yep

[Mister Liberty]

I am giving up my modeator opportunity on this just to call you a troll.
Who's talking about surprise!?
This is information coming into the open, that's what it is.

Re:The elephants are stomping on us again

[Mr. Slippery]

"Some people somewhere are consensually doing something that offends my sensitive sensibilities, so it has to stop even though it's a private matter that I have no part in and no business sticking my nose into!"

The behavior of corporations -- artificial persons created by state fiat -- is not a "private matter".

Let's look at the Canadian example

[sandbagger]

Canada was openly ridiculed by the US for not deregulating its financial industry right up until the financial disaster. By an large, Canada escaped disaster that plagued the other G8 countries in the banking meltdown.

So, we have recent proof that strict financial regulation works and yet they want to keep doubling down on deregulation?

Re:Because clearly...

[Luckyo]

Nationalise the bank to ensure that investors who allowed such thing to happen lose everything regardless. In other words, make those guilty of taking the risk shoulder the consequences.

Then bail it out to save your taxpayers money.

The problem with current methodology is that government effectively agreed to be a free guarantor for big banks risks. Which in turn caused the crisis because banks, knowing government and its money has their back took insane risks because the profits were equally insane if successful. And for a while, they held. Until risks were realised and the entire thing came down like a house of cards.

The only way to normalise the system is to force those who take the risk shoulder the consequences. Otherwise, what we saw in 2007 was just the beginning of crises to come.