EU-funded workshop organised to better handle trade in services statistics
April 8, 2019
The EU-funded MEDSTAT IV project organised a workshop on 2-4 April in Malta to respond to the urgent need expressed by the ENP-S countries for better applying the new international standards for trade in services. A representative from the UN Statistical Department, responsible for the new recommendations, brought light on the changes made on definitions, standards and classification of services in the balance of payments.
Representatives of the ENP-S countries, from statistical offices, Central banks and other organisations involved in the compilation of the Balance of payments gathered to discuss the respective situations in the countries regarding the implementation of the new recommendations. They raised numerous questions on the details of the new concepts and norms and received targeted advices that should lead to an improvement in the comparability of their production of trade in services statistics.
The MEDSTAT IV project provides expertise and technical support to promote the harmonisation of statistics in line with EU and international standards in 6 domains: business register and business, trade and balance of payments, energy, labour market, migration and transport. It follows on the previous phase implemented over the period 2010-2013.