Wikileaks on Wednesday released a new set of documents revealing highly sensitive details of the proposed Trades in Services Agreement (TiSA) being negotiated between the United States, European Union and 23 members of the World Trade Organization.
The leaked documents, which were planned to be revealed five years after talks were settled and enforced, consist of 17 pages outlining the details of TiSA talks. It is one of the largest disclosures concerning the TiSA negotiations.
Some of the areas covered in the document include draft treaties, memoranda, overall progress of state negotiations and the individual country position of those who are trying to reach a deal on banking and finance, telecommunications, e-commerce, health, maritime and air transport.
Based on the WikiLeaks report, two thirds of global GDP is made up from the economies of countries party to the negotiations.
The leak is also seen as “fairly controversial” it terms of trade, as recently President Barack Obama has been pushing congress to pass a fast-track bill that will enable him to speed up negotiations over the Trans-Pacific Partnership (TPP).
The TTP plays an important role in Obama's plan to curb the rising economic and diplomatic powers of China by building a partnership in the Asia-Pacific region. So far 12 countries have agreed to take part in the partnership.
A key detail drawing attention of observers is the exclusion of a number of global economies from the TiSA negotiations such as the BRICS - Brazil, Russia, India, China, and South Africa.
WikiLeaks has started a fund to put up a reward of $100,000 for missing documents regarding trade negotiations, in particular the TPP. Since yesterday it has raised more than $33,000.
“It's a dark day for democracy when we are dependent on leaks like this for the general public to be informed of the radical restructuring of regulatory frameworks that our governments are proposing,” said Nick Dearden, director of Global Justice Now.