Why we need to stop the Trade in Services Agreement (TISA)
TISA threatens public services. From postal services to the NHS, TISA could lock in privatisation and ensure that big multinationals increasingly call the shots on areas like health, education and basic utilities. The main mechanism for this in the deal is what is called a ‘ratchet clause’. Once a country has unilaterally liberalised a services sector by giving foreign companies the same or better treatment than national ones, it cannot reverse that measure for companies from TISA member states. This means that while no country will be forced to privatise a public service, once foreign companies are allowed in to provide a service, it becomes much more difficult to reverse.