Directorate C National accounts, prices and key indicators Unit C2 National and regional accounts production. Balance of Payments
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1 EUROPEAN COMMISSION EUROSTAT Directorate C National accounts, prices and key indicators Unit C2 National and regional accounts production. Balance of Payments 14 November 2014 BP/14/26 BALANCE OF PAYMENTS WORKING GROUP NOVEMBER 2014 Jean Monnet Building, room M1 Kirchberg, Luxembourg Starting: 19 November 2014 at 9.30 Ending: 20 November 2014 at Agenda Document available on CIRCABC here (user must be logged in CIRCABC)
2 Items Documents Time * D a y 1 1. Introductory statement of the Chairman and adoption of the agenda Draft minutes of April 2014 BoP WG BP/14/25 2. Progress in the dissemination of national data and news releases in 2015 Eurostat will report about the reporting and dissemination of national data according to BPM6, including the geographical breakdown and bilateral data. Morevoer, Eurostat will inform on the news releases according to the planned release calendar. (Mr Olaf Nowak, Eurostat Unit C2 National and regional accounts 3. BPM6 based data transmission progress report and best practices Eurostat will present a document describing the main problems affecting the data transmitted by the Member States. Good data transmission practices are a prerequisite for automatisation of Eurostat data checking procedures. (Mr Ilcho Bechev, Eurostat Unit C2 National and regional accounts BP/14/25 BP/14/26 BP/14/27 BP/14/28 10' 9:30-9:40 9:40-10:10 10:10-10:40 Coffee Break 10:40-11:00 4. Changes in the current BOP BPM6-based Vademecum Eurostat will present the changes that will apply to current BOP BPM6-based Vademecum in (Mr Olaf Nowak, Eurostat Unit C2 National and regional accounts 5. MIP related quality initiatives Eurostat will present the ongoing work of Eurostat's main initiatives related to the quality of statistics underlying the MIP Scoreboard. (Mr Peter Parlasca, MIP Task Force) 6. Next round of macroeconomic imbalances assessment DG ECFIN will report on the state of play fo the recent MIP related statistics. (Ms Adja Awa Sissoko, Economist Statistician, DG ECFIN) BOP quality assessment Eurostat will present the outcome of the written consultation of the BOPCOM and further way forward. (Ms Mariela Chukanska, Eurostat Unit C2 National and regional accounts BP/14/29 BP/14/30 BP/14/31 BP/14/32 20' 11:00-11:20 11:20-11:50 11:50-12:20 12:20-12:50 Lunch Break 12:50-14:15 2
3 Items Documents Time * 8. Survey b.o.p.-rest of the world based on the ESA 2010 and the BPM6 Eurostat will inform the BOPWG on the status of the preparation of the survey, demonstrate changes in the template due to the conversion from the BPM5 to the the BPM6, and explain the requirements and contributions expected from Member States. (Mr Daniel Stanescu, Eurostat Unit C2 National and regional accounts 9. Inclusion of illegal economic activities in GNI/GDP According to the BPM6 manual, illegal transactions have to be included in b.o.p. data. Eurostat will provide an overview on the current treatment in Member States for GDP/GNI compilation. (Mr Robert Dunn, Eurostat Unit C3 Statistics for administrative purposes) 10. Way forward of the treatment of illegal economic activities in b.o.p The BPM6 recommends the inclusion of illegal economic activities in b.o.p.; Eurostat will elaborate with the delegates of the BOPWP on the prerequisites for the introduction of elements of the updated BPM6 methodology referring to illegal activities, its impact on standard components and on a possible way forward, to be continued by a CMFB Task Force. (Ms Diana Cucu, Eurostat Unit C2 National and regional accounts BP/14/33 BP/14/34 (for discussion, starting at the end of point 10) BP/14/35 14:15-14:45 14:45-15:15 15:15-15:45 Coffee Break 15:45-16: Subjects to be included in the 2015 CMFB work programme Eurostat will present proposals for issues to be considered in the CMFB work programme 2015 in domain of balance of payments statistics. (Ms Diana Cucu, Eurostat Unit C2 National and regional accounts 12. Revised treatment of banknotes Eurostat will inform on the outcome of discussions at CMFB and GNIC and the written consultation of the BOPWG. (Mr Robert Dunn, Eurostat Unit C3 Statistics for administrative purposes, Mr Matthias Ludwig Eurostat Unit C2 National and regional accounts 13. Progress report from the ECB ECB will present the results of the implementation of BPM6 in the euro-area and lessons learnt. (Mr Henrik Schwartzlose, Head of Balance of Payments Section, External Statistics Division, ECB) BP/14/36 BP/14/37(a)(b) BP/14/38 16:00-16:30 16:30-17:00 17:00-17:30 3
4 Day Progress report from OECD OECD will inform on the recent developments in its activities on b.o.p., FDI and ITS. (Ms Fabienne Fortanier, Head of Trade Statistics Section, Statistics Directorate, OECD) 15. Recent changes in the German BOP reporting system BBk will present its experience in the context and in the perspective of BPM6 requirements in changing the collection system (implementing an electronically reporting mandatory system via a big bang). (Mr Jens Walter, Deputy Head, Balance of Payments and IIP Division, Deutsche Bundesbank) 16. Workshop on Travel The OeNB will inform the BOPWG on the outcome of the 5 th workshop on travel. BP/14/39 BP/14/40 BP/14/41 20' 09:30-09:50 09:50-10:20 10:20-10:35 (Mr René Dell'Mour, Senior Expert, OENB) Coffee Break 10:35-11: FDI Network: how to enhance its functioning Eurostat will present some proposals to enhance the functioning of the Network taking into account the results of a consultation with users undertaken earlier this year. (Mr Luis de la Fuente, Team leader, Eurostat Unit G2 Structural Business Statistics and global value chains) BP/14/42 11:00-11: SIMSTAT project Eurostat will inform about the on-going project concerning exchange of micro-data between Member States on intra-eu trade in goods. (Mr Mushtaq Hussain, Eurostat Unit G5 Goods-production and international trade) 19. Foreign Trade reported by non-residents Eurostat will report on the outcome of an expert workshop held on 11 November (Mr Henk Nijmeijer, Eurostat Unit C1 National accounts methodology. Sector accounts. Financial indicators) BP/14/43 Oral report 11:30-12:00 12:00-12:15 4
5 20. Trade in ships and aircraft Eurostat will present a follow-up and inform on the results of a consultation of ITGS and BOPWG compilers on the use of commercial data providers. (Ms Alžbeta Ridzoňová, Eurostat Unit G5 Goods-production and international trade) 21. Consultations in the domains of FDI and ITSS related to FRIBS Eurostat will inform the BOPWG on the outcome of the consultations on FDI and ITSS requirements. (Mr Luis de la Fuente, Team leader, Eurostat Unit G2 Structural Business Statistics and global value chains, Ms Mariela Chukanska, Mr Matthias Ludwig, Eurostat Unit C2 National and regional accounts 22. FRIBS progress report Eurostat will report about the state of play and future steps of the project for a legal framework integrating business statistics. (Mr Eduard Hauser, Unit G1 Business Statistics - Coordination and Registers) 23. Comitology powers and related governance issues Eurostat will report about progress in the discussion about ESS Governance and Committees structure. This includes the Commission proposal to amend Regulation (EC) No 184/2005 in order to align it to the new institutional context. (Ms Silke Stapel-Weber, Director of Directorate C National accounts, prices and key indicators) BP/14/44 BP/14/45 BP/14/46 Oral report 12:15-12:30 12:30-12:45 20' 12:45-13:05 13:05-13:35 5
6 24. Any other business Briefing from the last WG on Tourism Statistics on 21 October 2014 (Mr Robert Obrzut, Eurostat Unit C2 National and regional accounts Documents to be loaded in the public version of CIRCABC BP/14/47 25' 13:35-14:00 Planning of Eurostat's BOPWG meetings in 2015: April November 2015 Other meetings: BSDG 8-9 December 2014 ITSS WG 1 June 2015 ITGS WG 2-3 June 2015 FATS WG 16 June 2015 FDI WG 17 June 2015 BSDG June 2015 Points to be reported to DMES on December 2014: Outcome of the written consultation of the BOPWG on the revised treatment of euro banknotes. (Ms Mariela Chukanska, Mr Matthias Ludwig, Eurostat Unit C2 National and regional accounts End of meeting 14:00 * Timings are only indicative. NB1: The working language will be English, with no interpretation. NB2: No paper copies of the documents distributed via CIRCABC will be available in the meeting room. NB3: Table documents (and presentations) will only be available on the day of the meeting, and will only afterwards be loaded in CIRCABC. 6
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