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A.  Summary of good practices

3.2.  It is good practice for agencies involved in the collection and compilation of data on the international supply of services to establish institutional arrangements that involve the key producers and data users that properly reflect the country's needs, priorities and resources. Such institutional arrangements should present a clear division of responsibilities and work among the agencies involved in the compilation of statistics on services transactions between residents and non-residents, FATS and additional monetary and non-monetary indicators for analysing the international supply of services. It is essential to establish appropriate channels of communication and mechanisms for coordination.

3.3.  The Guide emphasizes that institutional arrangements lay the groundwork for effective process management, from the identification of data sources to the dissemination of output, and for promoting communication between the staff of the different institutions involved. Institutional arrangements should be based on a legal framework, and they should elaborate upon that framework as necessary. Institutional arrangements should be periodically reviewed and improved to keep them relevant. An advisory committee, or similar body, should be established to support sound decision-making and to take into account the interests of stakeholders.

 

Next: B. Purpose and types of institutional arrangements