OECD Short-term Economic Statistics Working Party (STESWP) Paris 25-27 June 2007

1. Agenda item: 9SHORT-TERM ECONOMIC STATISTICS IN LARGE EMERGING AND OTHER NMEs, THEIR COMPARABILITY AND IMPLICATIONS ON USER NEEDS ARISING FROM GLOBALISATION OECD Short-term Economic Statistics Working Party (STESWP) Paris 25-27 June 2007

2. AIMS OF SESSION • Implications of outcomes of Council Meeting at Ministerial Level (MCM) held in Paris on 15-16 May 2007 • Brief information on future processes for OECD enlargement & enhanced engagement • Brief overview of current OECD data collection in NMEs (DB) • National presentations on recent developments on short-term economic statistics (STES) in Brazil, China, Russian Federation, Chile • Discussions on future evolution of STES in NMEs, their comparability, Member country initiatives on globalisation, etc

3. 2007 MCM THEMES “Innovation: Advancing the OECD Agenda for Growth and Equity” Two broad interrelated elements: • Globalisation, growth and equity • Enlargement and enhanced engagement

4. GLOBALISATION (1) • Ministers agreed that globalisation is a major engine of economic growth • Called on greater OECD role in identifying policies to help ensure that benefits of globalisation are shared more widely • Recognised adjustment difficulties – job insecurity

5. GLOBALISATION (2) • Ministers also agreed on the need to provide information to the public on issues at stake based on sound data and analysis • OECD well placed to address structural economic and social policy issues from an interdisciplinary perspective; and identifying and sharing best practice • OECD response on measurement issues outlined in OLISnet document: Measuring globalisation: The way forward [STD/CSTAT/RD(2007)4]

6. MAINTAINING RELEVANCE OF OECD • OECD has grown since its inception in 1960 • Policy impact and relevance necessitates expanding OECD’s global reach

7. OECD GLOBAL REACH: 1960 - 2000

8. EMERGENCE OF LARGE EMERGING NMEs (BRIICS) • Policies of BRIICS NMEs have an increasing global impact, especially over last 5 years • OECD experience of good policy practice also of interest to them • Council considers it essential for OECD to work more closely with BRIICS NMEs

9. OECD ENLARGEMENT • Council consensus on new Members has been difficult to achieve – discussed widely over last 7 years • Gradually reached agreement on differentiation between Enlargement and Enhanced engagement • Consensus finally reached at May MCM

10. MCM OUTCOMES – BRIEF SUMMARY Open accession discussions with: Chile Estonia Israel Russian Federation Slovenia Invited S-G to strengthen OECD co-operation with: with: Brazil China India Indonesia South Africa through Enhanced engagement Should emphasize that this is only the beginning of the accession process outlined in document STD/CSTAT(2007)12 Entails: Committee participation; economic Surveys; adherence to instruments; data reporting; peer reviews

11. IMPLICATIONS FOR OECD STATISTICS STRATEGY Outlined in: Challenges and Future Directions for OECD Statistics [STD/CSTAT/WA(2006)1 Mentioned five main areas of work requiring special attention: • further improvement of co-operation with Eurostat • a more precise evaluation of comparability issues • other global players • peer reviews • ex-post harmonisation of national data These are the four most relevant areas for work with NMEs

12. IMPLICATIONS FOR OECD STATISTICS STRATEGY Only minor changes required:

13. IMPLICATIONS FOR OECD STATISTICS STRATEGY • Activities include: • further reductions in reporting burden; • joint data collection / dissemination platforms; • data exchange; • co-ordinated / joint meetings Only minor changes required: Essentially means more effort for BRIICS & Slovenia plus inclusion of data for Chile, Estonia and Israel

14. IMPLICATIONS FOR OECD STATISTICS STRATEGY • In light of review presented above, Statistics Strategy does not require major modification in 2007-2008 at least • Provides sufficient overall direction to incorporate MCM outcomes

15. WHERE TO FROM HERE? • There will be some additional activities in 2007-2008 with the 10 NMEs – Resource implications still to be evaluated • These will further intensify when outcomes of 2007 MCM are translated into 2009-2010 PWB – This process will commence soon • Process heavily controlled by OECD Council – Require further guidance from Council and ERC

16. WHERE TO FROM HERE? • There will be some additional activities in 2007-2008 with the 10 NMEs – Resource implications still to be evaluated • Will further intensify when outcomes of 2007 MCM are translated into 2009-2010 PWB – This process will commence soon • Process heavily controlled by OECD Council – Require further guidance from Council and ERC • This entails guidance on: • timelines; • resource issues; • which Committees will be directly involved; • content of the individual Accession Roadmap to be used for each of the five countries.

17. ACCESSION ROADMAP • Sets out specific process of accession contemplated for each country. • Is used as a basis to assess the country’s willingness and ability to assume the obligations of membership. • Are technical and procedural in nature. • Council may also wish to include separate political issues in the accession discussions with a country

18. ACCESSION ROADMAP Such a roadmap for statistics could cover: • legislation and codes of conduct; • national statistical databases and their compatibility with OECD reporting and database systems; • availability of statistics.

19. e.g. • UN Fundamental Principles of Official Statistics; • UN Good Practices on National Official Statistics • e.g. • SDMX standards and guidelines • OECD SIS guidelines ACCESSION ROADMAP Such a roadmap for statistics could cover: • legislation and codes of conduct; • national statistical databases and their compatibility with OECD reporting and database systems; • availability of statistics. • e.g. • OECD Statistical Programme of Work (OSWP) • Compliance against OECD and UN statistical standards • Quality frameworks

20. RECENT ACTIONS BY CSTAT Seven of the 10 NMEs cited by MCM already CSTAT regular observers. • Israel’s official request (on 7 December 2006) to become a regular observer approved by CSTAT; • Extending invitation to Estonia to become a regular observer also approved by CSTAT; • CSTAT endorsed extending invitation to Indonesia to attend 2008 CSTAT meeting as an ad hoc observer

21. POSSIBLE FUTURE ACTIONS BY SECRETARIAT IN LATE 2007 • Identify other I/Os that currently have special relations or work programmes with the 10 NMEs. • Collect further information from OECD Member countries on existing statistical bilateral relations (data collection, technical assistance). • Use the content of the OECD Factbook as a framework to significantly expand the collection and dissemination of key statistical indicators for the 10 NMEs.

22. POSSIBLE FUTURE ACTIONS BY SECRETARIAT IN LATE 2007 Could be used to prepare proposals for CSTAT consideration on developing future assistance partnerships between the Member country – OECD – NME on narrow or broad statistical activity(ies) • Identify other I/Os that currently have special relations or work programmes with the 10 NMEs. • Collect further information from OECD Member countries on existing statistical bilateral relations (data collection, technical assistance). • Use the content of the OECD Factbook as a framework to significantly expand the collection and dissemination of key statistical indicators for the 10 NMEs. For the 2008 and 2009 editions. Has resource implications – voluntary grants – bilateral partnership (twinning) with NME and MC

23. Thank you for your attention !