Joint Globalization Task Team (GZTT)
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- Joint Globalization Task Team (GZTT)
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Mandate and scope
- Advise the Inter‑secretariat Working Group on National Accounts (ISWGNA) and IMF’s Committee on Balance of Payments Statistics (BOPCOM) in the process of updating the System of National Accounts 2008 (2008 SNA) and the sixth edition of the Balance of Payments and International Investment Position Manual (BPM6).
- Deal with issues arising from globalization and the treatment of multinational enterprises (MNEs) and special purpose entities (SPEs) within the framework of the revision.
- Further details on mandate, operations, guidance notes and working procedures, composition, and key issues are provided in the Terms of Reference.
Timeline and operations
- GZTT will be operational mostly throughout Phase I of the update process until March 2022.
- GZTT may be consulted during Phase II (drafting of the 2025 SNA and the BPM7 chapters) on an as‑needed basis if significant issues arise during the worldwide consultation process.
Global consultation process
- Purpose: receive feedback from worldwide compilers/users of macroeconomic statistics not involved in the update process to inform proposals to be submitted for formal approval to IMF’s Committee on Balance of Payments Statistics (BOPCOM)/Advisory Expert Group on National Accounts (AEG).
- Each Guidance Note (GN) will be available for a period of four-weeks for global consultation after its posting.
- Comment mechanism: respondents provide comments on a GN via an accompanying survey link.
- Reference: consult the BPM6 Update: Compendium of Research Issues for the full list of topics on which GNs will be prepared by the BPM6 Update Task Teams and made available for global consultation.
Guidance Notes and survey status
- Draft Guidance Note G.1; Supporting Document.
- G.2 Treatment of MNE and Intra-MNE Flows (Survey on this Guidance Closed August 14, 2021).
- Draft Guidance Note G.2; Copy of Survey for GN G.2.
- G.4 Treatment of Special Purpose Entities and Residency (Survey on this Guidance Closed August 14, 2021).
- Draft Guidance Note G.4; Copy of Survey for GN G.4.
- G.5 Economic Ownership of Intellectual Property Products: Recording of Intra-MNE Transactions (Survey on this Guidance Note closed on February 7, 2022).
- Draft Guidance Note G.5; Copy of Survey for GN G.5.
- G.7 Global Value Chains and Trade in Value Added (Survey on this Guidance Note closed on February 25, 2022).
- Draft Guidance Note G.7; Copy of Survey for GN G.7.
- G.9 Payment for Nonproduced Knowledge-Based Capital (Marketing Assets) (Survey on this Guidance Note closed on February 7, 2022).
- Draft Guidance Note G.9; Copy of Survey for GN G.9.
Content in this bundle
- Compendium of Issues Note
- Compendium of Issues Note
- Draft Guidance Note G.1
- G.2 Treatment of MNE and Intra MNE Flows — Survey Instrument and Main Elements
- G.2 Treatment of MNE and Intra-MNE Flows, BPM6/2008 SNA Update, Joint Globalization Task Team
- G.4 Treatment of Special Purpose Entities and Residency
- Draft Guidance Note G.4
- G.5 Economic Ownership of Intellectual Property Products: Recording of Intra-MNE Transactions
- G.5 Economic Ownership of Intellectual Property Products: Recording of Intra MNE Transactions
- Draft Guidance Note G.7
- G.7 Global value chains and trade in value-added
- G.9 Payments for Nonproduced Knowledge-Based Capital
- G.9 Payments for Nonproduced Knowledge-Based Capital
- GZTT Fifth Meeting
- Task Force on the SNA Research Agenda – Globalization Task Team: Task Team meeting
- GZTT Meeting
- GZTT Meeting
- Task Force on The SNA Research Agenda – Subgroup on Globalization — Subgroup meeting
- Terms of Reference SNA Research Agenda—Joint Globalization Task Team
- Appendix 1.1 — GZTT consultation on the CIF‑FOB valuation of imports and exports
- IPTT Inaugural Meetings
References