INTERNATIONAL TRADE IN SERVICES STATISTICS TRINIDAD AND TOBAGO

ROLES OF ORGANIZATIONS in the production of Trade in services statistics. CENTRAL STATISTICAL OFFICE (CSO) - FOREIGN AFFILIATE TRADE STATISTICS - PRESENCE OF NATURAL PERSONS CENTRAL BANK (CB) - BALANCE OF PAYMENTS

IDENTIFICATION OF DATA GAPS / COVERAGE ISSUES CB – DOES NOT COLLECT DATA ON CULTURAL AND CREATIVE INDUSTRIES, EDUCATIONAL SERVICES AND HEALTH AND WELLNESS SERVICES CSO- PRESENCE OF NATURAL PERSONS - EXPORTS AND IMPORTS OF SERVICES DATA - EXPORTS AND IMPORTS OF GOODS BY INDUSTRY

TREATMENT OF DATA GAPS/ COVERAGE ISSUES VARIOUS COLLABORATIVE EFFORTS 1) CB AND CSO -CB- MODES 1 & 2 CSO - MODES 3 & 4 - EXCHANGE OF INFORMATION (QUESTIONNAIRE) - LITERATURE REVIEW 2) CSO COLLABORATION WITH TTCSI – SERVICES EXPORT REGISTRY PROJECT 3) CSO COLLABORATION WITH OTHER MINISTRIES- MINISTRY OF TRADE 4) CSO COLLABORATION WITH THE ECONOMIC DEVELOPMENT ADVISORY BOARD (EDAB)

TREATMENT OF DATA GAPS AND COVERAGE ISSUES CENTRAL BANK TO ENHANCE DATA COLLECTION CAPABILITIES INCREASE SAMPLE SIZE INCREASE RESPONSE RATE ONE SURVEY INSTRUMENT – TO MINIMIZE RESPONDENT BURDEN

CONSTRAINTS/ CHALLENGES CENTRAL STATISTICAL OFFICE - STAFFING - LEARNING CURVE - FUNDING CENTRAL BANK- - STAFFING (ADMINISTRATIVE)

INITIATIVES CSO - PROJECTS 1) CORRESPONDENCE TABLES BETWEEN ISIC REV 3, ISIC REV 4 AND ICFA REV 1 2) EXPORTS AND IMPORTS OF GOODS BY INDUSTRY, PRODUCT AND COUNTRY - RESTRUCTURING OF THE CSO CENTRAL BANK - SURVEY OF INTERNATIONAL TRADE IN SERVICES – CAPTURES INTERNATIONAL TRADE IN SERVICES BY TRADING PARTNER.

STATUS OF WORK CENTRAL BANK- - CURRENTLY REPORTING USING BPM 5 METHODOLOGY - MOVING TO BPM6 AND HOPING TO START PUBLISHING IN JANUARY - EBOPS UPDATED TO 2015 - TRADE IN SERVICES DATA REPORTED TO THE UN AND CARICOM USING AGGREGATE DATA FROM SPI FORM

STATUS OF WORK CSO - AT THE PRELIMINARY PHASE IN THE COMPILATION OF STATISTICS ON INTERNATIONAL TRADE IN SERVICES HOWEVER, THERE ARE SHORT TERM AND MEDIUM TERM GOALS - SHORT TERM - IMPROVE FDI REGISTER - PRODUCE INWARD FATS STATISTICS – PRIORITY & LONG TERM VARIABLES WHERE AVAILABLE - IMPLEMENT PROJECTS - MEDIUM TERM – PRODUCE STATISTICS ON PRESENCE OF NATURAL PERSONS - PREPARE AND CONDUCT OUTWARD FATS STUDY