The Colossal New Trade Agreement You’ve Never Heard Of
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The United States suddenly has a bold trade agenda, freighted with ambition and possibility. Its success would reignite economic growth and generate millions of new jobs, according to a number of studies.
The U.S. trade agenda includes the Trans-Pacific Partnership, which could be concluded this year. It also features a Trans-Atlantic Partnership, a new trade, investment, and regulatory cooperation agreement to be negotiated by the United States and the European Union. The U.S. Chamber strongly supports both.
But there’s a third contender on the scene: The International Services Agreement (ISA). Later this spring, the United States will join with nearly 50 other countries to launch negotiations for a high-standard trade agreement in services. The countries participating generate 70% of world trade in services, so the ISA’s potential is huge.
For those new to the concept of international trade in services, the U.S. Chamber has published a new pamphlet entitled Top 10 Overlooked Facts About World Trade in Services. Take a look: