WTO Ruling shows a hint of how existing and pending FTAs likely willframe ending "New Deal" Programs
Last edited Sun Feb 28, 2016, 02:10 AM - Edit history (1)
Note that all these rules work both ways!
So, under TiSA (and the existing GATS Mode Four) we cannot exclude foreign firms and their workers..and remain in compliance with WTO as soon as a service sector becomes international trade it falls under their jurisdiction and they can alter laws as they did in 1999 with Glass-Steagall act that until then had protected us from what happened in 2008, and again recently with the COOL country of origin label requirements.
https://www.wto.org/english/news_e/news16_e/456r_e.htm
http://www.iatp.org/blog/201602/obama-undermines-climate-efforts-in-solar-trade-dispute
"India’s solar initiative, known as the Jawaharlal Nehru National Solar Mission (JNNSM), is designed to boost the nation’s renewable energy use and create local, green jobs. India’s program requires the purchase of domestically manufactured solar cells and modules in order for companies to receive a variety of government benefits, including favorable rates for electricity purchases. The U.S. Trade Representative charged that India’s “local content requirements” violate WTO national treatment obligations (which require foreign firms to be treated the same as domestic firms). The WTO agreed."
"In responding to the WTO ruling, U.S. Trade Representative Michael Froman issued a warning to other governments attempting to support local, green businesses: “This is an important outcome, not just as it applies to this case, but for the message it sends to other countries considering discriminatory `localization’ policies.”
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Services procurement will change to use a e-tendering system.
Link to the WTO Revised GPA web site:
https://www.wto.org/english/tratop_e/gproc_e/gp_gpa_e.htm