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THE IMPORTANCE OF STATISTICS ON TRADE IN SERVICES
Australia Indonesia Partnership for Economic Governance THE IMPORTANCE OF STATISTICS ON TRADE IN SERVICES by Ramonette B. Serafica
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Outline Background Basic concepts and trends
Various user needs for services statistics (trade and others)
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What are services?
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How important are services?
HIC WLD UMC LMC LIC Source of data:
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What are its characteristics?
Intangible Non-storable Variable Proximity Different ways to trade – four modes of supply
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How are services traded?
Cross-border trade The service (1) , the consumer or his/her property (2), or the supplier (4) crosses the border Trade by foreign affiliates The service is supplied through the establishment of commercial presence (3) in the host country
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Trends in services trade
Source of data:
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Commercial Services (World)
Source of data:
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Growing share of Asia in services trade
Source: Asian Development Outlook 2012 Update Services and Asia’s Future Growth (ADB 2012)
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Mode 3 is significant (Table A. Services Supplied to Foreign and U.S. Markets Through Cross-Border Trade and Through Affiliates)
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Uses of data and statistics
Policy analysis and formulation Negotiations (trade & investment) Stakeholder engagement Monitoring & Evaluation of initiatives
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Policy analysis and formulation
Example: Sector development Trade performance (what if not a major category in EBOPS? e.g. environmental services) Other indicators such as labor productivity, prices, quality, variety, and access Inter-sectoral linkages (backward & forward linkages)
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Negotiations (trade & investment)
Example: Assessment of export and import interests across 160 services sub-sectors and 4 Modes of Supply (MOS) Priority sub-sectors and MOS to request MA/NT commitments Priority sectors for investment, technology transfer, capacity building/technical cooperation
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Stakeholder engagement
Example: The contribution of foreign companies to the economy Domestic employment generated and compensation of employees Value-added Purchases of local goods and services R&D expenditures
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M&E of initiatives Example: Assessment of the effectiveness of initiatives for SME service exporters Determine baseline and set specific targets for increasing the number of service exporters Track and analyze growth of SME service exporters by sector, by destination
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THANK YOU
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