SUMMARYTrade Agreements • November 10th, 2016
Contract Type FiledNovember 10th, 2016⬥ The Trade in Services Agreement, or TiSA, which originated in March 2013 by the USA and Australia following failed talks during the WTO Doha Development Round. The agreement involves 23 parties (50 states), mostly members of the Organisation for Economic Co-operation and Development (OECD), with the aim of facilitating economic integration for the services industry. This planned agreement is being developed with the goal of becoming multilateral, and even replacing the General Agreement on Trade in Services or GATS dating back to 1994, which lays the international framework that applies in principle to all service activities1 as governed by WTO regulation;