For Immediate Release

Organization Profile: 

Phone: 202-588-1000

In Advance of Corporate Services Summit, Public Citizen Points to Slower Services Export Growth to Trade Deal Partners

Statement of Todd Tucker, Research Director, Public Citizen’s Global Trade Watch

WASHINGTON - This week, global services firms will descend on Washington to push
former President George W. Bush’s leftover, flawed trade deals.

Financial corporations and other large firms have long told Americans
that the service industry is their lunch ticket to the future, and we
should pass more NAFTA-style deals to secure America’s place in the new
global division of labor. In fact, whether you look at goods or
services, U.S. exports to our trade deal partners have grown more slowly
than to other countries, as new research from Public Citizen shows.

Moreover, concerns are growing that the services provisions of trade
deals promote the deregulation behind the financial crisis. For
instance, our bilateral trade deals replicate and go beyond some World
Trade Organization (WTO) rules that constrain nations’ ability to
prevent and respond to financial meltdowns. Bans on dangerous financial
instruments, policies to stem destabilizing capital floods and flights,
and even size limitations on large banks – all these policy options are
on the trade deal chopping block. Absent revisions, bilateral deals like
Bush’s Korea trade pact or the WTO Doha Round proposals would only give
more room for attacks on financial stability policies.

We would be in a much better place if President Barack Obama would
simply begin to implement the trade reforms promised during his
campaign, rather than push flawed trade deals that fail even on their
own terms.


Get our best delivered to your inbox.

* Todd Tucker is research director for Public Citizen’s Global Trade
Watch, and co-author of the new report, “Lies, Damn Lies and Export
Statistics: How Corporate Lobbyists Distort Record of Flawed Trade
Deals.” He is available throughout the week to discuss the summit and
Public Citizen’s new report.

Public Citizen’s report is available at

For more information on deregulation provisions of trade deals, visit

For information on the Global Services Summit 2010, see


This is the world we live in. This is the world we cover.

Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news site. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do. Without Your Support We Won't Exist.

Please select a donation method:

Public Citizen is a national, nonprofit consumer advocacy organization founded in 1971 to represent consumer interests in Congress, the executive branch and the courts.

Share This Article