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Readout of Trade in Services Agreement (TISA) negotiations
Negotiators on the Trade in Services Agreement have concluded this week’s meetings in Geneva, Switzerland. The fourth round of TISA talks was positive and productive, with participants expecting to table offers by the end of this month. Additionally, the draft text of the agreement was further stabilized with the removal of all brackets concerning the “negative list” approach.
U.S. negotiators look forward to further work on this important agreement.
Every $1 billion in U.S. services exports supports more than 4,000 American jobs. Service industries employ workers across the United States – approximately three out of every four American workers nationwide. If business services were to achieve the same export potential as manufactured goods globally, U.S. exports could increase by as much as $800 billion.