STD/PASS/TAGS – Trade and Globalisation Statistics STD/SES/TAGS – Trade and Globalisation Statistics Item 18b Chapter 4 and FATS Interagency Task Force on Statistics of International Trade in Services

STD/PASS/TAGS – Trade and Globalisation Statistics STD/SES/TAGS – Trade and Globalisation Statistics Chapter 4 Foreign affiliates statistics and the international supply of services 2 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 Statistics STD/SES/TAGS – Trade and Globalisation Statistics Chapter 4 contd.. 3 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