The Trade in Services Agreement (TISA) is a proposed international agreement that seeks to promote and regulate trade in services among participating countries. The agreement aims to create a level playing field for service providers and promote transparency in the services trade.

The TISA negotiations began in 2013, with 23 countries, including the United States, the European Union, and Japan, participating in the talks. The agreement covers a wide range of services sectors, including telecommunications, financial services, transportation, and professional services. The negotiations are taking place behind closed doors, with limited information available to the public.

One of the main objectives of the TISA is to promote the liberalization of services trade among participating countries. This means that countries will have to open up their service sectors to foreign service providers. The agreement also seeks to eliminate discriminatory practices that may hinder the access of foreign service providers to domestic markets.

The TISA also aims to promote transparency in services trade. This means that participating countries will have to provide information on their services policies and regulations to other countries. They will also have to consult with other countries before implementing new policies that may affect services trade.

Critics of the TISA argue that the agreement may undermine some countries` regulatory sovereignty. They argue that the agreement may prevent countries from implementing certain regulations that may be necessary to protect their citizens or the environment. There are also concerns that the agreement may lead to job losses in certain sectors.

Proponents of the TISA argue that the agreement will promote economic growth and create new job opportunities. They argue that the agreement will lead to increased competition, which will result in lower costs and better services for consumers. They also argue that the agreement will provide greater certainty and transparency for businesses, which will result in increased investment and economic growth.

In conclusion, the Trade in Services Agreement (TISA) is a proposed international agreement that seeks to promote and regulate trade in services among participating countries. The agreement aims to create a level playing field for service providers and promote transparency in the services trade. While there are concerns about the agreement undermining regulatory sovereignty and leading to job losses, proponents argue that the agreement will promote economic growth and create new job opportunities. As the negotiations are ongoing, it remains to be seen what form the final agreement will take.