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UNECE - WGGNA Merchanting

Agenda item 6. UNECE - WGGNA Merchanting. Michael Connolly – National Accounts, CSO Ireland April 2010. Outline of Presentation. Merchanting Review of the Chapter Response to the Review Questions to Countries Conclusion. Merchanting. Movement of goods/services. Germany

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UNECE - WGGNA Merchanting

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  1. Agenda item 6 UNECE - WGGNAMerchanting Michael Connolly – National Accounts, CSO Ireland April 2010

  2. Outline of Presentation • Merchanting • Review of the Chapter • Response to the Review • Questions to Countries • Conclusion Globalisation –Impact on economic statistics STCPM 51

  3. Merchanting Movement of goods/services Germany exporter/seller South Africa importer/buyer Change in ownership Cash settlement Ireland Merchant Globalisation –Impact on economic statistics STCPM 51

  4. Merchanting

  5. Results of review – Consistency with NA and BOP • Calculation of the margin – Eurostat • Consistency in BOP and National Accounts • Recording in both sets of accounts • Comments of UNSD &UN Trade and Services – operational guidelines and definition from IMTS2010 • Worked examples WGGNA - Merchanting

  6. Results of review – Consistency with NA and BOP • Improved presentation of data in examples • Operational Treatment and Data sources • Illustrations in the body of the text WGGNA - Merchanting

  7. Questions for Countries and International Organisations • Is the required treatment clear? • Does it clearly set out the required recording procedures? • Are there sufficient guidelines on identifying Merchanting activities? • Are there gaps regarding informing respondents and users of the data? • Are the examples adequate? • Is it accepted that merchanting of services is a phenomenan to be monitored in future? WGGNA - Merchanting

  8. Results of review – Proposals • Areas for Further Work • Merchanting of Services WGGNA - Merchanting

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