| Foreign Affiliate Trade Statistics |
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| international economics | |
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Collection of such information, and aggregation at the national level, can provide economists and policymakers with insight as to the relationship that transnational corporations, being FDI-related enterprises, have on economies. FATS indicators - including:
Inward FATS - Data which represent the operations of foreign-owned (in the FDI sense, i.e. at a minimum of 10% of book value) firms in the local economy, or country. Outward FATS - Data which represent the operations firms abroad, which are owned by a firm in our home-country ("owned" in the FDI sense, i.e. at a minimum of 10% of book value). FATS are an economic indicator which has a direct linkage to WTO-GATS Mode 3 Legal Commitments; GATS Mode 3 is one of the Four Modes of Supply enshrined as the framework of the General Agreement on Trade in Services GATS of the World Trade Organization WTO . FATS describe economic activities which take place as a result of WTO-GATS Mode 3 enterprise trade, or trade which takes place under '''Commercial Presence''' circumstances. The standard for definition for Commercial Presence in the WTO-GATS differs from the generally-accepted definition of FDI, which under IMF Balance of Payments Volume 5 standards is 10%; WTO-GATS Commercial Presence defines ownership level benchmarks at 10% of enterprise book value. SEE ALSO STATISTICAL DATABASES ON SERVICES TRADE STATISTICS, FDI AND FATS
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