Measuring Trade in Services Training Module WTO/OMC 1
Overview Characteristics and economic importance of services Importance of services Trade in services GATS and modes of supply Manual on Statistics of International Trade in Services BOP FATS Modes of supply and statistical domains WTO/OMC 2
Services Intangible output of a production process PRODUCTION PRODUCTS GOODS (tangible) SERVICES (intangible) USER S NEED Key role in the economy transport, telecommunications long term effects - environmental, educational services Services value added = 2/3 Global GDP WTO/OMC 3
World High income Middle income Low income USA EU-27 Japan Brazil Russian Fed. India Indonesia China Nigeria 100% 80% 60% 40% 20% 0% Share of Services Value Added in GDP 2005, Selected countries Services Agriculture Industry WTO/OMC 4
Share of Services in Total Employment 1995-2005, Selected countries 90 80 70 60 50 40 30 20 10 0 1995 2005* High income United States EU-27 Japan Brazil Mauritius Malaysia Egypt Indonesia Thailand Pakistan China * Except Brazil 2004, Egypt 2003 and China 2002. WTO/OMC 5
Measuring Services Production (1/2) Statistics on domestic activity Value added broken down by industry (of which services) within the National Accounts framework Employment in the services sector within employment statistics (also part of the National Accounts) Information on specific services sectors from business statistics WTO/OMC 6
Measuring Services Production (2/2) Quantitative indicators on specific services Complementary use of statistics: on international payments for telecommunications (source BOP) on international telecommunications traffic (source ITU) Billion dollars 200 180 160 140 120 100 80 60 40 20 BOP imports and exports International telephone traffic 200 180 160 140 120 100 80 Billion minutes 0 60 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 WTO/OMC 7
Exports of Goods and Commercial Services, 1980-2007 1000 900 Goods 20000 18000 800 700 Commercial services Goods 16000 14000 (1980=100) 600 500 400 Commercial services 12000 10000 8000 Billion USD 300 200 GDP 6000 4000 100 2000 0 0 1980 83 86 89 92 95 98 2001 2004 2007 WTO/OMC 8
Specific Features of Trade in Services Services represent 20% of total world trade and account for the 2/3 of GDP Intangible nature Many services require physical proximity of provider and consumer: services perceived as less easily tradable than goods Conventional trade statistics do not cover all international trade in services Services delivered by foreign affiliates > conventional international trade in services WTO/OMC 9
The GATS Set of rules covering international trade in services GATS Pillars Set of general obligations and disciplines Schedules of specific commitments Annexes on specific issues Commitments under GATS By services sectors By mode of supply WTO/OMC 10
The GATS Modes of Supply (1/2) COUNTRY A Mode 1: Cross-border Consumer Service supply The service crosses the border COUNTRY B Service supplier Mode 2: Consumption abroad Consumer The consumer is abroad Consumer Service supply Service supplier Mode 3: Commercial presence Service FATS + BOP supply construction Consumer Consumer in C Establish commercial presence $ $ $ $ $ Commercial Direct investment presence Company WTO/OMC 11
The GATS Modes of Supply (2/2) COUNTRY A COUNTRY B Mode 4: Presence of natural persons Service supply Consumer An independent goes to country A Natural person An employee is sent by a company of country B Service supply Consumer Commercial presence intra-corporate transferee Juridical person WTO/OMC Consumer 12 C
The Manual on Statistics of International Trade in Services (2002) Guidelines and recommendations on the measurement of trade in services Balance of Payments statistics Foreign Affiliates Trade in Services statistics Movement of natural persons WTO/OMC 13
BOP Statistics - Short Presentation (1/2) BOP summarises transactions of an economy with the rest of the world BOP Current account Goods Services Income Current transfers 11 components Transportation Travel Communications etc. Capital & financial account Of interest for GATS purposes but... WTO/OMC 14
BOP Statistics - Short Presentation (2/2) More detail needed than 11 BPM5 services components MSITS introduces EBOPS (breakdown of BPM5 services) Most services delivered under Mode 3 and Mode 4 are not well covered or identified However, some BOP indicators helpful: Foreign Direct Investment Mode 3 Mode 4 Compensation of employees Workers remittances WTO/OMC 15
FATS Statistics - Short Presentation Coverage Operations of foreign affiliates, Particular focus on services Indicators Turnover Employment Value added Concepts & definitions Manual on Statistics of International Trade in Services WTO/OMC 16
Correspondence between modes of supply measurement and statistical domains Modes of supply Mode 1: Crossborder supply Mode 2: Consumption abroad Mode 3: Commercial presence Mode 4: Presence of natural persons Statistical domains BOP: Commercial services (excl. travel, construction) BOP: Travel FATS BOP: Construction FDI (suppl. information) BOP: Commercial services (excl. travel) Compensation of employees, workers' remittances (suppl. info.) Inadequacies No distinction between Modes 1 and 4 Contains goods and not divided into different types of services consumed by travellers Some Mode 2 transactions also in other BOP categories Very few countries produce FATS No distinction between Modes 3-4 FDI cover not only (majority) controlled companies No distinction between Modes 1 (3 for construction) and 4 No relationship with Mode 4 but of interest for labour mobility WTO/OMC 17
Statistics on Resident-Non Resident Trade in Services (BOP) Principles of recording Transactions and residence Other principles The Extended Balance of Payments classification Statistics by trading partner Allocation of BOP/EBOPS items to modes of supply WTO/OMC 18
BOP Key Concepts Transactions between a country s residents and rest of the World What is a transaction? involves a real or financial resource, resource changes ownership. What is a resident of a country? institutional units (individual, enterprise, association, government unit ) centre of economic interest, economic territory of the country. WTO/OMC 19
What is an International Transaction? Residents / non-residents INTERNATIONAL Change in ownership of goods Provision of services Provision of labour Provision of capital Change in ownership of financial assets WTO/OMC 20
What is a Services Transaction? International transactions in services International trade in services Credit Country s BOP Debit Exports Country s residents Imports WTO/OMC 21
Concept of Residence Transactors Households / individuals Enterprises Principal residence Significant and lasting economic activity Country s economic territory Geographic territory Territorial enclaves (e.g. embassies ) Others Centre of economic interest flexible one-year rule WTO/OMC 22
Valuation and Other Principles of Recording Valuation Market prices (price agreed between seller and buyer) Time of recording Time at which services are rendered (accrual accounting) Unit of account Transactions converted to a common unit of account (national currency, USD) WTO/OMC 23
What is it? EBOPS Extended Balance of Payments Services Classification product-based classification, consistent with 11 BPM5 services components, more detailed than BPM5 services components, includes additional memorandum items. How can it be used in GATS negotiations? Manual provides a table of correspondence between EBOPS/CPC Rev.1/ GATS list of services GNS/W/120. WTO/OMC 24
EBOPS Main Components Commercial services: 1. Transportation 2. Travel 3. -10. Other commercial services 11. Government services (not in GATS) 3. Communications services 4. Construction services 5. Insurance services 6. Financial services 7. Computer and information services 8. Royalties and licence fees 9. Other business services 10. Personal, cultural and recreational services WTO/OMC 25
EBOPS Detailed Components Breakdown of main components 1. Transport Sea transport (passenger, freight, other) Air transport (passenger, freight, other) Other transport (passenger, freight, other) Space, Rail, Road,... 2. Travel 3. Communications services etc Business travel Expenditure by seasonal and border workers Other Personal travel Health-related expenditure Education-related expenditure Other Postal & courier Telecommunication WTO/OMC 26
EBOPS Memorandum Items and Alternative Aggregations Memorandum items: useful additional information: Example Travel Example Audiovisual transactions Expenditure on goods Expenditure on accommodation and food and beverages All other travel expenditure Aggregations of services and non-services transactions Services: audiovisual services; audiovisual-related royalties and license fees Non-services: acquisition/disposal of audiovisual-related patents, copyrights WTO/OMC 27
Balance of Payments Statistics by Trading Partner At least for... Services as a whole 11 main services components of BPM5/EBOPS Main trading partners If possible... More detailed EBOPS level Common geographical basis for all trade in services data WTO/OMC 28
Allocation of BOP/EBOPS Items to Modes of Supply As a first step, Manual proposes a simplified approach: Items deemed to be predominantly delivered through one mode Mode 1 Transportation (except supporting and auxiliary services to carriers in foreign ports), Communications services Insurance services Financial services Royalties and license fees Mode 2 Travel (excluding purchases of goods) Supporting and auxiliary services to carriers in foreign ports WTO/OMC 29
Allocation of BOP/EBOPS Items to Modes of Supply Simplified approach (continued): Items for which significant elements of 2 modes of supply are involved Mode 1? Mode 4 Computer and information services Other business services Personal, cultural and recreational services Construction? Mode 3 WTO/OMC 30
Foreign Affiliates Trade in Services Statistics Principles for recording FATS statistics The FDI universe Firms covered Statistical units Time of recording Economic variables Attribution (classification) of FATS variables By country By activity and by services products WTO/OMC 31
Foreign Affiliate Trade in Services Statistics (FATS) Guidelines for measuring the activity of foreign affiliates What are FATS statistics useful for? Focus on services measuring Mode 3 (commercial pres.) Help understand the phenomenon of globalisation. What do FATS statistics measure? Indicators that describe the activity of foreign affiliates Inward and outward FATS With a particular focus on services WTO/OMC 32
Principles Underpinning FATS Statistics In line with international standards SNA 1993 (National Accounts) BPM5 (BOP) OECD Benchmark Definition of FDI FDI statistics may be used as an interim indicator where FATS are not compiled WTO/OMC 33
The FDI Universe FDI: the direct investor makes an international investment to obtain a lasting interest in an enterprise abroad Country A Direct investor Owns >10% shares, voting power or the equivalent Country B Direct investment enterprise between 10 and 50% more than 50% wholly or jointly unincorporated enterprise individuals enterprises associated groups of individuals/enterprises governments... Associate Subsidiary Branch WTO/OMC 34
Firms Covered in FATS Ownership criteria Majority-owned foreign affiliates (a single foreign investor owns more than 50% of their ordinary shares or voting power): Includes subsidiaries and branches Excludes associates Types of producers Affiliates producing goods, services WTO/OMC 35
Statistical Units Units considered in FATS statistics may be Enterprises Enterprise 1 Enterprise 2 Enterprise 3 Establishments of enterprises Establishment 1a Establishment 1b Establishment 2a Establishment 2b Establishment 2c Establishment 3a = Enterprise 3 WTO/OMC 36
Time of Recording FATS Variables Accrual basis Recording when the transaction occurs rather than when the related payment is made Period of recording Flow variables reference year Stock variables end of reference year Reference year Calendar year in principle If only fiscal or accounting year is available Explanatory note WTO/OMC 37
Economic Variables for FATS Concepts in the MSITS Basic FATS variables (minimum recommended by MSITS) Sales (turnover) and/or output Employment Value added Exports and imports of goods and services Number of enterprises Compensation of employees Taxes on income Research and development expenditures etc... Additional FATS variables WTO/OMC 38
Geographical allocation Inward FATS Foreign-owned affiliates in the compiling country Compiling country Operations of foreignowned affiliates Described Statistics on Inward FATS Majority ownership Supplementary information Foreign investor Immediate owner Operations allocated to Majority ownership Foreign Investor Ultimate Beneficial Owner (UBO) WTO/OMC 39
Geographical allocation Outward FATS Foreign-owned affiliates of investors of the compiling country Compiling country Resident Investor Majority ownership Foreign affiliate (holding company) Majority ownership Statistics on outward FATS Described Operations allocated to Operations of the foreign Affiliate WTO/OMC 40
Classification by Activity and by Product FATS are classified by activity According to their primary activity According toisic categories for foreign affiliates (ICFA) ICFA can be linked to EBOPS Long-term priority Disaggregation of FATS variables by product WTO/OMC 41
The Movement of Natural Persons The movement of natural persons in GATS Mode 4 service suppliers Temporary movement Relations to existing classifications Statistics for measuring Mode 4 BOP statistics FATS statistics Migration statistics Other possible sources Improving Mode 4-related statistics WTO/OMC 42
Main Issues for Measuring Mode 4 Mode 4 in MSITS The Manual on Statistics of International Trade in Services (MSITS) recognises that a statistical framework needs to be developed for measuring Mode 4 Annex in MSITS as a first step Main statistical issues Determining the coverage of Mode 4 Only fragmentary indicators available Determining the indicators to measure Mode 4 WTO/OMC 43
The Movement of Natural Persons in GATS Relevant framework GATS main text: mode 4 presence of natural persons GATS Annex movement of natural persons Description of Mode 4 in main text and annex Purpose of stay Fulfilling directly a service contract, whether as a service supplier (self-employed) or as an employee Indirectly: Presence instrumental to supply of service: through commercial presence or supply at a later stage Duration of stay Temporary: Measures regarding citizenship, migration, residence and permanent employment are not covered WTO/OMC 44
Who is covered by Mode 4? Contractual service suppliers Self-employed (independent) service suppliers Employees of foreign service suppliers Intra-corporate transferees and persons directly recruited by the foreign affiliate Services sellers / Persons responsible for setting up commercial presence Areas of uncertainty difference between employment and service contract what does constitute a service? many commitments currently focus on highly-skilled workers WTO/OMC 45
For which categories should we measure the value of services trade? Natural persons Contractual services suppliers -Self-employed - Employees of foreign service suppliers Intra-corporate transferees and directly recruited by foreign affiliate Services sellers - Persons responsible for setting up commercial presence Value of service trade flows Yes No No WTO/OMC 46
Options to assess Mode 4 delivery in surveys 1.Did the service delivery involve physical presence of service provider? Yes? Then, how was most of the service value provided (time/resources)? Mostly by fax, email, etc. Natural person at the end (e.g. to supervise) Mode 1 The person s knowledge was essential to deliver the service Mode 4 2. Require in services surveys allocation by each GATS mode of supply 3. Require estimated share of services inputs for Mode 4 services trade WTO/OMC 47
For which categories should we measure the number of mode 4 persons? Natural persons Contractual services suppliers -Self-employed - Employees of foreign service suppliers Intra-corporate transferees and directly recruited by foreign affiliate Services sellers - Persons responsible for setting up commercial presence Number of persons Yes Yes Yes WTO/OMC 48
Mode 4, migration and tourism statistics Purpose of trip or migration Less than 3 months Length of stay of individuals 3 to 12 months more than 12 months Visitors Personal International Holiday, leisure and recreation Recommendations on Visiting friends and relatives Tourism Statistics 2008 Education and training Shopping Etc. Business and professional (no employer-employee relationship with X x entity established in compiling economy) Contractual service supply X x - self-employed a X x - employed X x Intra-corporate transfer X x Serv. salespersons/ commercial pres. X x Other Employment (migrant workers, employmentbased settlement) Intra corporate transfer x X Directly recruited by a foreign established company x X International civil servants Other Trainees Family reunification/formation Etc. Categories of the UN Recommendations on Statistics of International Migration, revision 1: Non-Migrant categories Migrant categories WTO/OMC 49
Mode 4 and Existing Classifications UN CPC ISCO-88 Basis for classifying services as product of economic activity, including services delivered through Mode 4 Distinguishes categories of employment: can facilitate linkages statistics/negotiations UN ISIC Industrial classification: relevant if statistics by occupation are not available ICSE-93 Status in employment: identifies «independent service provides» WTO/OMC 50
... But other indicators of interest for analysis Mode 3 and Foreign Direct Investment statistics (stocks and flows, important complement to FATS) Other FATS variables (number of service suppliers, employees, value of assets) Sectoral statistical frameworks: tourism, health Supplementary information from BPM6 linked to the movement of mode 4 persons Production, quantitative, employment indicators WTO/OMC 51
Data Sources Data sources for BOP statistics International Transactions Reporting System (ITRS) Enterprise surveys Combining ITRS and enterprise surveys Other sources Data collection systems for FATS statistics Key features for the collection of FATS statistics Examples of country practices Data comparability and reliability BOP asymmetries IMF initiatives related to data quality WTO/OMC 52
Collection Systems for BOP Statistics Main alternatives for the collection of BOP statistics International Transaction reporting System (ITRS) Enterprise surveys A combination of both systems Possible supplementary sources Surveys of travellers and household expenditure surveys Official sources and government transactions Partner countries and International Organizations WTO/OMC 53
Coverage All services transactions ITRS Responsibility (generally) the national central bank Respondents domestic banks (indirect reporting) residents holding accounts abroad or involved in clearing/netting schemes (direct reporting) Advantages timely, comprehensive, few respondents Limitations transactions proxied by payments, possible misclassifications WTO/OMC 54
Enterprise Surveys Coverage all service transactions Responsibility (generally) the national statistical office Respondents sampled enterprises who are international transactors Requisites high quality business register appropriate techniques for sample design, preparation of questionnaires, and processing of survey results WTO/OMC 55
ITRS and Enterprise Surveys - Examples System mainly based on enterprise surveys, with no use of ITRS e.g. United States, United Kingdom Systems mainly based on ITRS, using a limited form of enterprise surveys e.g. France Systems mainly based on enterprise surveys, using a limited form of ITRS e.g. Netherlands Great benefits to be drawn from co-operation between different institutions WTO/OMC 56
Other Sources for BOP Surveys of travellers Surveys conducted at borders (e.g. migration surveys) Household expenditure surveys Official sources Government transactions Statistics as a by-product of official institutions activities Other sources Data from partner countries Data from International Organizations Interest of BOP compiler to co-operate with other institutions WTO/OMC 57
Collection Systems for FATS Statistics Two different populations, requiring different approaches Inward: enterprises surveyed directly on their activity (easier to collect) Outward: resident parent companies surveyed on the activity of their affiliates abroad Different systems for collecting FATS statistics Surveys collecting FATS data Identify FATS in statistics on resident enterprises Only for Inward FATS Links with FDI in both cases (identification of the FATS population) WTO/OMC 58
Surveys Collecting FATS Two possibilities Specific surveys for FATS Add FATS variables to FDI surveys but... Commonly considered preferable because Burden on FDI-non-FATS enterprises FDI surveys: conducted frequently and require quick turnaround Information to be collected: key FATS variables at the greatest detailed level of ICFA WTO/OMC 59
Existing Statistics on Resident Enterprises Only for inward FATS Which sources? Existing statistics on resident enterprises (employment, turnover ) How can FATS statistics be obtained? identify inward FATS population within resident enterprises, and aggregate data collected across the foreign-owned population of resident enterprises WTO/OMC 60
Examples of Country Practices for Collecting FATS Inward and outward collected on the basis of FDI surveys e.g. United States Outward based on FDI surveys, inward on resident enterprise statistics e.g. Belgium Only inward collected, based on resident enterprise statistics e.g. Denmark, Spain Inward and outward collected through a separate survey e.g. Sweden WTO/OMC 61
BOP Bilateral Asymmetries Country A BOP Credit Debit BOP transaction Country B BOP Credit Debit Recorded import import = export Recorded export Difference = Bilateral asymmetry WTO/OMC 62
Asymmetries: Types, Causes, Corrections Different types of asymmetries Bilateral (two countries) Mutilateral (e.g. intra-eu) Global (World): for services, imports > exports Why? misallocations, different recording thresholds, difficult geographical identification... How can they be corrected? «bottom-up» approach: study of causes and reconciliation «top-down» approach: mathematical model allocates asymmetries WTO/OMC 63
Data Quality: IMF Initiatives Two initiatives to assess data quality SDDS Identifies best practices in the dissemination of data 4 dimensions: the data, public access to the data, integrity of the data, and data quality Concerns specific countries, which must observe specific standards GDDS Approach similar to SDDS with respect to data quality Open to all IMF Members Less prescriptive than SDDS Emphasis: long-term WTO/OMC 64
Data Availability and Dissemination by International Organizations BOP trade in services data BOP/EBOPS International dissemination Information available on commercial presence Availability and dissemination of FATS statistics Alternative: FDI data WTO/OMC 65
Availability of BOP/EBOPS Data on Trade in Services Compilation of trade in services is relatively well established and widespread BPM5 standard components widely compiled: the number of countries reporting these data has more than doubled since 1997 (breakdown of exports) Significant progress was made in compiling more detailed items, and in compiling a breakdown by partner country WTO/OMC 66
International Dissemination of BOP/EBOPS Statistics (1/2) Where can I find statistics on trade in services... broken-down by type of service? Eurostat, OECD, IMF, UNSD these organisations are collecting data on an EBOPS basis broken-down geographically? Eurostat OECD UNSD WTO/OMC 67
International Dissemination of BOP/EBOPS Statistics (2/2) Publication Coverage By type of service By partner country IMF Balance of Payments Statistics (+ITC Trade Map) (book, on-line and CD-ROM) IMF members BPM5 and EBOPS (provided to IMF on voluntary basis) No Eurostat Database (book, on-line and CD-ROM) EU members, total EU, euro area, EU candidate countries EBOPS Up to 115 partner economies and regions (270 for total services) OECD Statistics on International Trade in Services Volume 1 by Service Category Volume 2 by Partner Country (book, on-line and CD-ROM) UN ServiceTrade (on-line) WTO's International Trade Statistics (book, on-line and CD-ROM) OECD members; Hong Kong and Russian Federation for partner detail 190 economies (around 40 with partner detail) EBOPS (and additional detail) EBOPS Up to 115 partner economies and regions (270 for total services) Up to 115 partner economies and regions (270 for total services) Summary data Summary data and All economies and analysis analysis WTO/OMC 68
Collection of FATS Statistics Collected by Eurostat and OECD Common questionnaire to member countries: Inward and outward FATS: by activity (37 categories of ISIC) by country of origin/destination of investment Dissemination: OECD: Measuring globalisation: the role of Multinationals in OECD economies Eurostat: publication in the Statistics in focus series, and in the New Cronos reference database UNCTAD: World Investment Report WTO/OMC 69
Availability of FATS Statistics Australia X X X X Austria, Finland, Hungary X X X X X Baltics, Bulgaria, Cyprus, Denmark, Hong Kong-China, Ireland, Netherlands, Norway, Romania, Slovenia, Spain, United Kingdom Number of employees Inward Turnover/ output Value added X X X Number of employees Outward Turnover/ output Belgium, Germany, Greece X X X X Canada X X Czech Republic, France, Israel, Italy X X X X Value added Japan, Portugal, United States X X X X X X Luxembourg, New Zealand, Poland X X Slovak Republic X X X X Sweden X X X X Switzerland X X Trinidad and Tobago X
FDI Statistics as an Alternative State of implementation Many countries collect FDI flows, with geographical and activity breakdown (more data for inward than outward) Fewer countries collect FDI income flows Collection and dissemination Eurostat and OECD: FDI inward and outward stock, flows and income (by industry and country) IMF: FDI positions, flows and income, no industry and partner breakdown UNCTAD WTO/OMC 71
Current State and Prospects Implementation: phased approach of MSITS 5 core recommendations 5 other recommended elements Recent progress and short-term plans Prospects for trade in services statistics Areas for improvement Future work WTO/OMC 72
MSITS Phased Approach to Implementation 5 core elements Implement BPM5 recommendations for trade in services Compile BOP services according to EBOPS, starting with items of major economic importance to the country Compile FDI by ISIC categories of activity Compile basic FATS variables broken down by ICFA categories of activity Compile statistics by partner country WTO/OMC 73
MSITS Phased Approach to Implementation 5 other elements (long-term) Full implementation of EBOPS Compile FATS additional detail Compile statistics on the presence of natural persons Split BOP trade in services among trade between related parties / trade with unrelated parties Allocate BOP trade in services by mode of supply WTO/OMC 74
Recent Progress (1/3) Dramatic improvement of quality and quantity of statistics on resident/non-resident trade in services for BPM5 main items, but also for more detailed items a multi-country set of statistics available for major services categories FATS statistics are increasingly compiled WTO/OMC 75
Recent progress (2/3) Eurostat: 2 regulations on the compilation of FATS statistics on BOP statistics, embodying EBOPS FATS and EBOPS have become binding in EU member states IMF collect data according to EBOPS from 2003 on a voluntary basis WTO/OMC 76
Recent progress (3/3) OECD: expand the collection of BOP trade in services by partner country request BOP trade in services broken down by EBOPS UNSD: dissemination of EBOPS trade in services by partner country from for OECD and non-oecd countries UNCTAD: expand data collection on FATS WTO/OMC 77
Areas Where Improvements are Needed BOP trade in services Many countries still do not report the full BPM5 detail Lack of reliability Documentation on coverage and deviations from international standards rarely available FATS Lack of reliability and comparability Almost no FATS collected outside OECD Confidentiality severely limits data availability No framework for statistics by mode of supply, in particular for Mode 4 WTO/OMC 78
Need for a revised Manual Incorporate BPM6 and SNA revisions + ISIC, CPC, Tourism statistics... New recommendations relating to activities of foreign affiliates: OECD Handbook on Economic Globalisation Indicators OECD Benchmark Definition of FDI Eurostat recommendations Manual Need for guidance for mode 4 and modes of supply generally... 1 st worlwide consultation in 2006 WTO/OMC 79
Next steps for the Revision of MSITS May 2006 April 2009 Worldwide consultation on scope of update and issues TFSITS reviewed worldwide consultation responses Started drafting of Chapter on modes of supply and updating/drafting of other chapters Consultation with 2007 OECD-Eurostat Expert meeting and 2008 Working Party on International Trade in Goods and Services. Progress report to IMF BOPCOM and UN Statistical Commission Draft chapters agreed by TFSITS 2 nd Worldwide consultation on complete draft of revised MSITS TFSITS to review comments and re-draft MSITS chapters TFSITS meeting: review comments and revised draft; cross-cutting issues Summer 2009: Finalize draft and chapters and post for final review November 2009: Prepare submission to UNSC March 2010: Draft submitted to UN Statistical Commission Revised Manual in 2010! WTO/OMC 80
Future Work Interagency Task Force on Statistics of International Trade in Services need for technical assistance in the area of services statistics prepare Compilation Guide concentrate on further methodological work WTO/OMC 81
Keys for Improvement of Statistics Efforts by national agencies in charge of statistics Governments willingness to allocate resources to statistics Co-operation between national institutions Co-operation between international and regional institutions, and support to national initiatives Effective technical assistance Compilation guidance WTO/OMC 82