# Decision No 1578/2007/EC of the European Parliament and of the Council of 11 December 2007 on the Community Statistical Programme 2008 to 2012 (Text with EEA relevance), Division: Current situation

Extent: E+W+S+N.I.

The data requirements are increasing as new trade competitors and partners (e.g. China, India, Brazil and other Latin American countries) appear on the world scene and also as a consequence of structural changes in the area of trade in goods and services. In addition, high-quality collection, analysis and harmonisation of data from candidate countries and the main EU partner countries remain a priority.
In parallel, efforts will be made to maintain the quality standards with respect to cross-border trade in services, foreign direct investment and foreign affiliates trade. For this purpose the implementation of Regulation (EC) No 184/2005 and Regulation (EC) No 716/2007 will be of the utmost importance.
Main initiatives for 2008 to 2012:
new Extrastat legislation will be implemented with the main objective of making available additional relevant customs information and complementary statistics through the use of registers on trade operators,
key legislation (balance of payments, international trade in services, foreign direct investment and foreign affiliates) will be implemented and updated,
the new IMF international methodological standards will be implemented in the EU compilation of balance of payments statistics,
the Manual on Statistics of International Trade in Services and its revised version will be implemented in the EU.

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Source: https://www.legislation.gov.uk/eudn/2007/1578/annex/II/title/IX/division/2 (the official version)
Page: https://openlegislation.uk/eu-decision-2007-1578/annex-II/title-IX/division-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.