Trade in Services Agreement (TiSA)

The Trade in Services Agreement (TiSA) is a proposed international treaty aimed at enhancing trade in services among participating countries. It seeks to reduce barriers and create a more open market for various services, such as finance, telecommunications, and transportation. By establishing standardized rules, TiSA aims to boost economic growth, improve consumer access to services, and foster competition. Negotiations involve many nations, but notable absentees include major economies like China. The agreement is part of broader efforts to modernize global trade, adapting to the growing importance of services in the economy.