std/pass/tags – trade and globalisation statistics std/ses/tags – trade and globalisation...

STD/PASS/TAGS – Trade and Globalisation StatisticsSTD/PASS/TAGS – Trade and Globalisation StatisticsSTD/SES/TAGS – Trade and Globalisation StatisticsSTD/SES/TAGS – Trade and Globalisation Statistics

Item 18b Item 18b Chapter 4 and FATSChapter 4 and FATS

Interagency Task Force on Statistics of International Trade in Services

STD/PASS/TAGS – Trade and Globalisation StatisticsSTD/PASS/TAGS – Trade and Globalisation StatisticsSTD/SES/TAGS – Trade and Globalisation StatisticsSTD/SES/TAGS – Trade and Globalisation Statistics

Chapter 4 Foreign affiliates statistics and the Chapter 4 Foreign affiliates statistics and the international supply of servicesinternational supply of services

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• No large change….• FATS = foreign affiliates statistics (name change)

– Not international trade in SNA sense –but related to market access for services• Subset of Activities of multinational enterprises• Aligned with HEGI, BD4 and Eurostat FA regulation• “Control” by non-resident instead of “majority-ownership”• Interest in services delivery and trade negotiations is privileged

STD/PASS/TAGS – Trade and Globalisation StatisticsSTD/PASS/TAGS – Trade and Globalisation StatisticsSTD/SES/TAGS – Trade and Globalisation StatisticsSTD/SES/TAGS – Trade and Globalisation Statistics

Chapter 4 contd..

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• Control defined in framework for foreign direct investment relationships• 6 core variables + suggested others• Suggested product breakdown for goods /services• Partner country for inward FATS is that of ultimate investing country• Outward FATS – separately identify those FAs ultimately controlled in reporting country –

for international aggregation• Revised ICFA proposal in terms of ISIC Rev 4• Align definition of gross output for insurance and financial services with international

trade• Encourages interest in intra-firm trade