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THE IMPORTANCE OF STATISTICS ON TRADE IN SERVICES by Ramonette B. Serafica

Australia Indonesia Partnership for Economic Governance. THE IMPORTANCE OF STATISTICS ON TRADE IN SERVICES by Ramonette B. Serafica. Outline. Background B asic concepts and trends Various user needs for services statistics (trade and others). What are services?.

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THE IMPORTANCE OF STATISTICS ON TRADE IN SERVICES by Ramonette B. Serafica

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  1. Australia Indonesia Partnership for Economic Governance THE IMPORTANCE OF STATISTICS ON TRADE IN SERVICES by Ramonette B. Serafica

  2. Outline • Background • Basic concepts and trends • Various user needs for services statistics (trade and others)

  3. What are services?

  4. How important are services? HIC WLD UMC LMC LIC Source of data: http://data.worldbank.org/

  5. What are its characteristics? • Intangible • Non-storable • Variable • Proximity • Different ways to trade – four modes of supply

  6. 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

  7. Trends in services trade Source of data: http://www.wto.org/english/res_e/statis_e/statis_e.htm

  8. Commercial Services (World) Source of data: http://www.wto.org/english/res_e/statis_e/statis_e.htm

  9. Growing share of Asia in services trade Source: Asian Development Outlook 2012 Update Services and Asia’s Future Growth (ADB 2012)

  10. Mode 3 is significant http://www.bea.gov/international/international_services.htm#summaryandother (Table A. Services Supplied to Foreign and U.S. Markets Through Cross-Border Trade and Through Affiliates)

  11. Uses of data and statistics • Policy analysis and formulation • Negotiations (trade & investment) • Stakeholder engagement • Monitoring & Evaluation of initiatives

  12. 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)

  13. 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

  14. 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

  15. 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

  16. THANK YOU

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