Which Agreement Deals With Trade In Services

Canada is working to increase TISA`s environmental services obligations to make clean practices more accessible and widespread, in addition to the trade liberalization efforts of environmental goods negotiated under the WTO Environmental Agreement (EGA). Canada`s efforts to achieve an ambitious outcome in environmental services are covered by this market access issue, which has been submitted to all parties to TISA: services account for three-quarters of U.S. GDP and 4 out of 5 jobs in the United States. Thanks to our dynamic and open domestic market, the United States is highly competitive in services trade and regularly has a surplus of $200 billion per year. With every billion dollars in services exports to the United States, supporting about 7,300 jobs, the development of global trade in services will provide new opportunities for Americans. The aim of TISA is to strengthen the rules and improve access to the trade in services markets. Specifically, the agreement negotiated between the parties addresses discriminatory barriers to cross-border trade in services, provides a more predictable investment environment for service providers and improves the mobility of service providers. The parties to the negotiations are considering proposals on, among others, transparency, national regulation, financial services, telecommunications, e-commerce, the free movement of individuals, international shipping services, air services, state-owned enterprises and express delivery services. Reality: TISA does not require or encourage deregulation of services.

Canada`s regulatory system is one of the most advanced in the world in terms of transparency and predictability. Good regulatory practices used by several Canadian regulators are often used to establish benchmarks for the development of international business disciplines, not the other way around. The TISA negotiations are structured in two parts: the basic text, which contains general provisions and planning arrangements for commitments, and the annexes. Each annex is a specific issue of the TISA agreement, for which the parties negotiate reciprocal commitments or disciplines.