Meeting of the OECD Working Party on
International Trade in Goods and Trade in
Services Statistics
September 22-24, 2008

Major changes: Goods and services

Among the most notable changes:


Fees for processing goods—to be included in services



Manufacturing services on physical inputs owned by others
Major processing
In BPM5, a change of ownership of goods was imputed
Merchanting transactions—to be treated as trade in goods for the economy of the merchant



Purchases—negative exports
Re-sales—exports
Transactions are standard components

Major changes: Goods and services



High value goods acquired by travelers to be recorded as merchandise rather than under travel services (previously could be doublecounted)
Repairs on goods to be classified as services, not goods.
The sales of research and development such as patents and copyrights, are treated as produced assets and included in services; previously in the capital account as nonproduced assets.

Major changes: Goods and services


Financial intermediation services indirectly measured (FISIM) to be recorded as a service


Margin between interest payable or receivable and the reference rate on loans and deposits
Pure interest included in primary income
Insurance services to be calculated taking account of the volatility of claims.

Also, premium supplements taken account in estimating services

Major changes: Goods and services
Charges for use of intellectual property, n.i.e.
Use of intellectual property
Sale/purchase of ownership rights
Franchises and trademarks
Charges for the use of intellectual property
Outcomes of research and development
Computer, audiovisual, and related services:
(a) Customized all types
(b) Noncustomized—downloaded or otherwise electronically delivered
(c) Noncustomized—provided on physical media with periodic license fee
(d) Noncustomized—provided on physical media with right to perpetual use
Charges for the use of intellectual property
License to use excluding reproduction and distribution relevant service item
License to reproduce and/or distribute relevant service item relevant service item charges for the use of intellectual property n.i.e. goods capital account entry research and development services relevant service item *
4









As for BPM5 , the intention is to convert the BOP data in both publications at the same time
BOPCOM provisionally agreed on 2012/2013 as the range of possible dates for BOPSY conversion
A firm date to be set at 2008 BOPCOM meeting
A central element of the conversion to conversion tables
BPM5 was the
IMF staff have prepared a conversion table, mapping the to the BPM6 presentation for use by member economies
BPM5





IMF staff to update the be in line with BPM6
Compilation Guide and the Textbook to

The update of the during 2009-2010
The update of the of concepts and examples of particular types of transactions, is a longer-term project:
Work could start on the the Guide
Compilation Guide
Textbook , comprising a further elaboration
Textbook to be undertaken once a final version of is posted on the website
The External Debt Statistics Guide , the Guidelines for a Data
Template ( Guidelines ), and the Manual on Statistics of
International Trade in Services to be brought in line with BPM6




The Fund intends to send a questionnaire to member countries in the course of 2009 on country implementation—similar to that undertaken in 1994— regarding action plans and specific implementation strategies

 issues especially difficult to implement topics for further assistance
Such an exercise would be reported to the BOPCOM, and possible support strategies could be proposed



At the request of the UNSC, the ISWGNA developed a strategy paper for the implementation of being discussed include similar elements to those proposed for




2008 SNA
The outlines of the implementation strategy
BPM6 : training technical assistance dissemination of statistical guidance and applied research (papers addressing specific compilation issues)



The implementation of BPM6 for significant issues such as and 2008 SNA needs to be a coordinated effort, especially
Manufacturing services (goods for processing); merchanting; and FISIM, on which balance of payments compilers could draw from the experience of national accountants


Significant work ahead to implement BPM6

The strategy builds on the successful experience
BPM5

It is important to have close cooperation and dialogue among international agencies and with member countries