The Trade in Services Agreement (TiSA) is a services-only trade agreement being negotiated in Geneva among a subset of WTO Members, jointly led by Australia, the European Union and the United States. There are currently 23 TiSA parties (50 economies), which account for around 70 per cent of global services trade. TiSA will address barriers to international services trade and promote the expansion of Australia’s services exports.
TiSA negotiations are designed to set a new international standard in services liberalisation, feeding into future multilateral negotiations. The structure of the TiSA is designed to build on the World Trade Organization (WTO) General Agreement on Trade in Services (GATS) while also incorporating elements from FTAs that have a higher level of ambition.
The most recent TiSA negotiation round was held in December 2016 and there are no future negotiation rounds currently scheduled.