Do you have any more information? The US is a unique case because we went very far in committing our health insurance and other financial services in a number of places, one is called the “Understanding on Commitments in Financial Services” and it has the effect of a “standstill” on new financial regulation, also as I said it captures all deregulatory changes making them irreversible (if challenged ) See these two Public Citizen pubs
and
Also, it should be mantioned that India wants to nip any chance we might break free of this regime in the bud, as they see it as sort of an IOU which we have promised to pay in jobs- India is challenging our existng visa regime in a WTO (WPDR) proceeding as well as proposing a new “Trade facilitation Agreement on Services”
The Trade Facilitation Agreement on Services (not to be confused with the TFA on goods, which has just been finished ) is aimed not just in the US, but we appear to be the primary target.
This is even as jobs are vanishing globally at an exponentially increasing rate to automation everywhere.
The problem with these agreements is their inflexibility, lasting as they claim, forever. Ideas that may have looked like good ideas to oligarchs in the bubble era in the 90s look like economic suicide even to them, now-
The blowback has only just begun, to these posonous trade deals, and they need to be dumped as they have been demonstrably harmful to everyone.
Its clear that rapid increases in labor saving technology should be lowering the prices of essentials (not just labor) but these agreements- and the paralysis they cause in limiting corruption and avoiding volatility, have already arguably caused a major financial crisis the largest the world has ever seen (which although proved - see US GATS Sched. of Specific Commitments Supplement 3 “SC03” pg 31 top has never been acknowledged) and now they want to do it all again
It all just stinks.
