Annex V.D. Inter-Agency Committee (IAC) on on Trade Statistics of the Philippines: institutional arrangements
5.D.1. Philippines Inter-Agency Committee (IAC) on Trade in Goods. The Philippines has established an Inter-Agency Committee on Trade in Goods whose members belong to the following key agencies of the Government: the National Statistical Coordination Board (NSCB), the National Statistics Office, the National Economic and Development Authority, the Central Bank (Bangko Sentral ng Pilipinas), the Department of Trade and Industry, the Bureau of Customs and the Philippine Economic Zone Authority. There are two technical working groups under the Inter-Agency Committee, namely, the Technical Working Group on Trade in Goods and the Technical Working Group on Trade in Services. The Technical Working Group on Trade in Goods is tasked:
(a) To serve as a forum for the discussion of the issues raised by the stakeholders regarding the official statistics on trade in goods and services;
(b) To conduct an in-depth review of all issues relating to Philippine trade statistics, including foreign and domestic trade on goods and services;
(c) To conduct an in-depth assessment of available data on export of IT services and analyse possible improvements in data reporting, collection and consolidation;
(d) To review the concepts, techniques, and methodologies used in the collection, processing and reporting of trade statistics to ensure conformity with prescribed statistical standards;
(e) To recommend policies geared towards improved generation of trade statistics on goods and services;
(f) To conduct an in-depth review of export statistics and valuation practices of exporting companies and to identify important issues;
(g) To conduct an in-depth review of consigned imports;
(h) To present the results and recommendations to the NSCB Executive Board for appropriate action.