The contentious Euro-American trade pact—the Transatlantic Trade and Investment Partnership (TTIP)—may finally be at death’s door, but campaigners are warning that recent pronouncements of its demise are merely a “tactical retreat” in order to save two lesser-known and equally “toxic” sister agreements.

“In other words,” Nick Dearden, director of U.K.-based Global Justice Now (GJN), wrote in a Wednesday op-ed, “TTIP has been sacrificed to save the wider agenda of which TTIP was only one part”—namely the Comprehensive Economic & Trade Agreement (CETA) between Canada and the European Union and the 50-nation Trade in Services Agreement (TISA), which Dearden describes as “a massive, super-privatization deal covering everything from finance to education.”  

A new briefing on TISA published Tuesday by GJN warns about the global ambitions of the deal, which focuses on services—rather than goods (like most trade agreements)—and primarily “allowing multinationals to provide services across borders.”

The primer explains:

What’s more, negotiations over the deal, which are expected to conclude by late 2016, have been conducted with “even less transparency than those on TTIP.”

Some details that have emerged, however, paint a grim picture for the future of public services. One particularly insidious provision, the so-called “ratchet clause,” forbids a country that has decided to “liberalize” a public service to multinationals from retracting that measure from TISA member state companies.

Similarly, the “standstill” clause prevents countries from passing new regulations that might give foreign companies worse treatment.

In effect, these provisions could “make it much harder for a future [U.K.] government to renationalize the railways, a move backed by a majority of the British public,” GJN states.

“Vested interests and ideologues will seek to create TTIP anew, but we already have an engaged movement aware of the threat of corporate-authored, secret trade deals.”
—Mark Dearn, War on Want

Dearden expands on some of the other known threats:

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