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International Trade in Services

Discover the institutional framework and activities related to international trade in services by Eurostat and Luxembourg, including regulations, committees, and data dissemination practices. Explore the key aspects of trade flows, item classification, geographical breakdown, and ITS timeline.

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International Trade in Services

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  1. International Trade in Services Franca Faes-Cannito European Commission Eurostat, Balance of Payments Unit Luxembourg

  2. International trade in services • Framework: Balance of Payments • Due to their intangible nature, trade in services is subject to more constraints than trade in goods • Services are the fastest growing part of international trade • International Standards – IMF BPM5 (BMP6); MSITS; • The classification of services and related nomenclature are set in BPM5 and EBOPS Luxembourg

  3. Role of Eurostat • All MSs send to Eurostat data specified by BoP Regulation • Eurostat monitors methodological practices in the MS • Eurostat harmonises data received from the MS • Major attention is paid to quality of data • Eurostat calculates EU and Euro area aggregates • Eurostat disseminates data via its database • Eurostat publishes on-line and paper publications Luxembourg

  4. Institutional framework • Regulation on Community statistics concerning balance of payments, international trade in services and foreign direct investment. • MS are legally obliged to send the required data in accordance with the details and deadlines stated in the regulation. • Balance of Payments Committee: composed of all MSs and chaired by Eurostat. Responsible for comitology issues • Balance of Payments Working Group: platform for technical discussions Luxembourg

  5. Area of activities • Quarterly Balance of Payments, • International Trade in Services, • Foreign Direct Investment, • Foreign Affiliates Statistics, • BoP of the European Institutions. Luxembourg

  6. International trade in services • Flows: imports, exports and balance. • Reporters: EU, Member States, Euro area, CCs, Norway, USA and Japan. • Item classification: common Eurostat/OECD classification (EBOPS) – about 85 service categories • Geographical partners: about 200 countries, economic and geographic zones • Availability: Eurostat database - since 1985 • Structural Indicators: Trade integration of services Luxembourg

  7. 11 main groups Luxembourg

  8. EBOPS-Transport Luxembourg

  9. EBOPS-Travel Luxembourg

  10. EBOPS - other services Luxembourg

  11. EBOPS-other services (cont.) Luxembourg

  12. Geographical breakdown Level 1: • World, CH, CA, US, JP, BR, RU, CN, HK, IN, EU, Extra-EU, Extra-Euro area, EUI, Offshore centres Level 2: • 60 countries and 15 regions, 30 economic zones Level 3: • More than 200 countries and regions Luxembourg

  13. ITS - timeline Annual ITS (illustrated by 2007 as reference year) • MS sent all required data by 30 Sept. 2008 • Data treatment Oct.-Nov. 2008 • Dissemination (incl. aggregates) 27 Nov. 2008 • Dissemination of non-EU countries Dec. 2008 Preliminary data for 2008 (based on quarterly data) • Data for IV quarter received 31 March 2009 • Data for IV quarter published 22 April 2009 • Preliminary 2008 annual data released 29 April 2009 Luxembourg

  14. EUROSTAT WEBSITE Luxembourg

  15. ITS - Publication • Press release • 27.11.2008 (ITS 2007) • 22.04.2009 (Preliminary 2008) • Statistics in Focus • International trade in services • Trade in Services with South Korea • Travel 2007 • Current account preliminary results (to be released) • Detailed Tables • EU International trade in services – analytical aspects Luxembourg

  16. EU Total services with the rest of the world (in bn €) *2008: provisional data Luxembourg

  17. EU trade with its main partners, total services (in mil. €) Luxembourg

  18. 11 main groups: EU international trade in services with the rest of the world in 2008* (in bn €) *2008: provisional data Luxembourg

  19. Thank you for your attention Luxembourg

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