11th OECD-NBS Workshop on National Accounts 25-28 September 2007 Beijing Cooperation between China and the OECD in national accounts Contents • Background • Work so far • What is next? 1. Background • Significant and rising interest of OECD countries in China • OECD Government gave OECD a mandate to focus on large non-member countries, including China • Work programme with NMCs cuts across all OECD areas • Enlargement discussions at the OECD 1. Background 1. Background • More recently: – The OECD Ministerial Council decided on May 16, to invite Chile, Estonia, Israel, Russia and Slovenia to open negotiations for membership to the OECD. – The Ministerial Council also decided to strengthen its relationship with Brazil, China, India, Indonesia and South Africa through a process of enhanced engagement 1. Background • At the G8 Summit held at Heiligendamm on June 5-7, the German government invited Brazil, China, India, Mexico and South Africa to discuss global challenges. • The G8 agreed to create a new framework to engage in dialogue with the leaders of these five countries on such policy areas as promoting and protecting innovation, freedom of investment, development with special regard to Africa and improving energy efficiency (called the Heiligendamm process). • All this requires analytical information and sound data, including on national accounts 2. STD work with NBS CSTAT meeting attendance 2004, 2005, 2006 STESWP meeting attendance 2004, 2006, 2007 BTS / COS meetings 2003, 2004, 2006 OECD Workshop on CLIs for NMEs – April 2005 2005 NAWP meeting attendance 2006 OECD - NBS National accounts meeting Annual OECD Statistics, Knowledge, Policy World Forum Palermo 2004, 2007 OECD Statistics, Knowledge, Policy World Forum Asian pre conference (Korea) 2007 Publication of Indicators in monthly Main Economic Indicators yes (since 2002), currently 74 series Publication of indicators in annual OECD Factbook 2006 (35); 2007 (44) National accounts data transmission 2007 and beyond 2. National accounts in particular • OECD-NBS workshop • National Accounts Data Transmission Programme – NBS staff at the OECD in 2006 – More information about progress in this workshop • Objective: produce comparable National Accounts data 3. What next? • Implement and expand national accounts data collection • NBS participation in OECD National Accounts Working Party – A possibility of holding the OECD-NBS workshop back-to-back with the NAWP in Paris in 2008, maybe with one overlap day devoted to Chinese national accounts? • 3. What next? • Other areas – Future of ICP (International Comparison Project) uncertain beyond current round. Any plans for further work in this area by China? – Intensify co-operation in some key areas relating to the SNA revision: • Goods for processing • R&D capitalisation