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Joint Globalization Task Team (GZTT)

The Joint Globalization Task Team (GZTT) deals with issues arising from globalization and on the treatment of multinational enterprises and special purpose entities within the framework of the revision.

Further details on the mandate and operations; guidance notes and working procedures; composition; and key issues addressed by the GZTT are provided in the Terms of Reference.

After an initial draft of the guidance note is approved by the AEG and Balance of Payments Task Team, guidance notes will be posted for Global Consultation to receive feedback from worldwide compilers and users of macroeconomic statistics. The outcome of the consultation is further informing the proposals to be presented for formal endorsement to BOPCOM and AEG/ISWGNA. Endorsed guidance notes will be considered for the update of the 2025 SNA and BPM7.

  Guidance Notes Initial draft Consultation Endorsed
 Globalization (GZTT)
G.1 Valuation of Imports and Exports of Goods in the International Standards (CIF to FOB Adjustment)ENGENG
G.2 Treatment of MNE and Intra-MNE FlowsENGENG RUS
G.3 Transfer pricing within MNE group (combined with G.5)
G.4 Treatment of Special Purpose Entities and ResidencyENGENG RUSENG
G.5 Economic Ownership of Intellectual Property Products: Recording of Intra MNE TransactionsENGENGENG
G.6 Merchanting and Factoryless goods producers and recording of their transactions (Combined with C.4)
G.7 Global Value Chains and Trade in Value AddedENGENG
G.8 Typology of global production arrangements (Combined with C.4)
G.9 Payments for Nonproduced Knowledge-Based Capital (Marketing Assets)ENGENGENG*

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