Commission Delegated Regulation (EU) 2019/505 of 19 December 2018 amending Annex I to Regulation (EC) No 184/2005 of the European Parliament and of the Council, as regards the geographical breakdown levels (Text with EEA relevance.)
Commission Delegated Regulation (EU) 2019/505of 19 December 2018amending Annex I to Regulation (EC) No 184/2005 of the European Parliament and of the Council, as regards the geographical breakdown levels(Text with EEA relevance) THE EUROPEAN COMMISSION,Having regard to the Treaty on the Functioning of the European Union,Having regard to Regulation (EC) No 184/2005 of the European Parliament and of the Council of 12 January 2005 on Community statistics concerning balance of payments, international trade in services and foreign direct investmentOJ L 35, 8.2.2005, p. 23., and in particular Article 2(3) thereof,Whereas:(1)On 29 March 2017, the United Kingdom submitted the notification of its intention to withdraw from the Union pursuant to Article 50 of the Treaty on European Union. The Treaties will cease to apply to the United Kingdom from the date of entry into force of a withdrawal agreement or failing that, two years after that notification, that is to say from 30 March 2019, unless the European Council, in agreement with the United Kingdom, unanimously decides to extend that period.(2)Regulation (EC) No 184/2005 establishes a common framework for the systematic production of Community statistics on balance of payments, international trade in services and foreign direct investment.(3)Member States are to submit to the Commission (Eurostat) data on balance of payments, international trade in services and foreign direct investment as referred to in Annex I to Regulation (EC) No 184/2005. That Regulation defines, inter alia, the required levels of geographical breakdown of the data to be submitted by the Member States to the Commission (Eurostat).(4)Table 6 of Annex I to Regulation (EC) No 184/2005 contains implicit references to the United Kingdom in the counterpart area "Union Member States not in the euro area" under geographical breakdown level GEO 4. Member States are required to submit data for that counterpart area to the Commission (Eurostat) with an individual breakdown by country.(5)The withdrawal of the United Kingdom from the Union would have the effect that the United Kingdom would become a third country and as such would no longer be part of the counterpart area "Union Member States not in the euro area" of GEO 4. Member States would therefore no longer be legally bound to submit data for the counterpart area concerning the United Kingdom.(6)GEO 4 sets out the geographical breakdown level required for certain items of quarterly statistics on balance of payments and international investment position and activity breakdown of annual direct investment positions and annual direct investment transactions and income.(7)European statistics concerning the balance of payments, international investment positions and foreign direct investment are of vital importance to ensuring informed economic policymaking and accurate economic forecasting. They are essential for those responsible for public policy in the Union, for research and Union citizens.(8)Given the intense trade and economic relations between the Union and the United Kingdom, it is essential to ensure continuity of Member States' submission of data with the United Kingdom as counterpart after its withdrawal from the Union.(9)Table 6 of Annex I to Regulation (EC) No 184/2005 also contains explicit references to the United Kingdom in geographical breakdown levels GEO 5 and GEO 6, where the United Kingdom is listed as a separate counterpart country under geographical aggregate "Europe", together with all other Member States of the Union.(10)Aggregate "Europe" in GEO 5 and GEO 6 is composed of all Member States, the Member States of the European Free Trade Association (EFTA) and other European states. Aggregate "Other European Countries" consists of all European countries that are neither Members States of the Union nor EFTA Member States, listed in alphabetical order in English.(11)Due to the United Kingdom becoming a third country, its positioning in GEO 5 and GEO 6 needs to be changed accordingly.(12)Table 6 of Annex I to Regulation (EC) No 184/2005 should therefore be amended to include the United Kingdom as a separate counterpart country in geographical breakdown level GEO 4 and to change its positioning in geographical breakdown levels GEO 5 and GEO 6. Such update neither affects the reporting burden nor modifies the applicable underlying conceptual framework.(13)Taking into account the scrutiny period of three months applying to this delegated act and the necessity to have an updated Table 6 of Annex I to Regulation (EC) No 184/2005 in place and ready to be applied at the moment that the United Kingdom would cease to be in the counterpart area "Union Member States not in the euro area", which could be as early as 30 March 2019, it is essential for this Regulation to enter into force as soon as possible,HAS ADOPTED THIS REGULATION:
Article 1Annex I to Regulation (EC) No 184/2005 is amended in accordance with the Annex to this Regulation.
Article 2This Regulation shall enter into force on the day following that of its publication in the Official Journal of the European Union.It shall apply from the day following that on which the United Kingdom ceases to be a Member State of the Union.
This Regulation shall be binding in its entirety and directly applicable in all Member States.Done at Brussels, 19 December 2018.For the CommissionThe PresidentJean-Claude JunckerANNEXIn Annex I to Regulation (EC) No 184/2005, Table 6 "Geographical breakdown levels" is replaced by the following:"Geographical breakdown levels
GEO 1GEO 2GEO 3
REST OF THE WORLDREST OF THE WORLDREST OF THE WORLD
Intra euro areaINTRA UNION
Extra euro areaEXTRA UNION
Intra euro area
Extra euro area
Union Member States not in the euro area: individual breakdown by country."
GEO 4GEO 5GEO 6
REST OF THE WORLDREST OF THE WORLDREST OF THE WORLD
EUROPEEUROPE
Union Member States not in the euro areaBelgiumBelgium
BulgariaBulgaria
Czech RepublicCzech Republic
DenmarkDenmark
GermanyGermany
EstoniaEstonia
IrelandIreland
GreeceGreece
SpainSpain
FranceFrance
CroatiaCroatia
ItalyItaly
CyprusCyprus
LatviaLatvia
LithuaniaLithuania
LuxembourgLuxembourg
HungaryHungary
MaltaMalta
NetherlandsNetherlands
AustriaAustria
PolandPoland
PortugalPortugal
RomaniaRomania
SloveniaSlovenia
SlovakiaSlovakia
FinlandFinland
SwedenSweden
IcelandIceland
LiechtensteinLiechtenstein
NorwayNorway
SwitzerlandSwitzerlandSwitzerland
OTHER EUROPEAN COUNTRIESOTHER EUROPEAN COUNTRIES
Albania
Andorra
Belarus
Bosnia and Herzegovina
Faroe Islands
Gibraltar
Guernsey
Holy See (Vatican City State)
Isle of Man
Jersey
Macedonia, the Former Yugoslav Republic of
Moldova
Montenegro
RussiaRussiaRussia
Serbia
San Marino
TurkeyTurkey
Ukraine
United KingdomUnited KingdomUnited Kingdom
AFRICAAFRICA
NORTH AFRICANORTH AFRICA
Algeria
EgyptEgypt
Libya
MoroccoMorocco
Tunisia
OTHER AFRICAN COUNTRIESOTHER AFRICAN COUNTRIES
Angola
Benin
Botswana
British Indian Ocean Territory
Burkina Faso
Burundi
Cameroon
Cape Verde
Central African Republic
Chad
Comoros
Congo
Côte d'Ivoire
Congo, the Democratic Republic of
Djibouti
Equatorial Guinea
Eritrea
Ethiopia
Gabon
Gambia
Ghana
Guinea
Guinea-Bissau
Kenya
Lesotho
Liberia
Madagascar
Malawi
Mali
Mauritania
Mauritius
Mozambique
Namibia
Niger
NigeriaNigeria
South AfricaSouth Africa
Rwanda
St Helena, Ascension and Tristan da Cunha
Sao Tome and Principe
Senegal
Seychelles
Sierra Leone
Somalia
Sudan
South Sudan
Swaziland
Tanzania
Togo
Uganda
Zambia
Zimbabwe
AMERICAAMERICA
NORTH AMERICAN COUNTRIESNORTH AMERICAN COUNTRIES
CanadaCanadaCanada
Greenland
United StatesUnited StatesUnited States
CENTRAL AMERICAN COUNTRIESCENTRAL AMERICAN COUNTRIES
Anguilla
Antigua and Barbuda
Aruba
Bahamas
Barbados
Belize
Bermuda
Bonaire, St. Eustatius and Saba
Virgin Islands, British
Cayman Islands
Costa Rica
Cuba
Curaçao
Dominica
Dominican Republic
El Salvador
Grenada
Guatemala
Haiti
Honduras
Jamaica
MexicoMexico
Montserrat
Nicaragua
Panama
St Kitts and Nevis
Saint Lucia
St. Maarten
St Vincent and the Grenadines
Trinidad and Tobago
Turks and Caicos Islands
Virgin Islands, U.S.
SOUTH AMERICAN COUNTRIESSOUTH AMERICAN COUNTRIES
ArgentinaArgentina
Bolivia
BrazilBrazilBrazil
ChileChile
Colombia
Ecuador
Falkland Islands
Guyana
Paraguay
Peru
Suriname
UruguayUruguay
VenezuelaVenezuela
ASIAASIA
NEAR AND MIDDLE EAST COUNTRIESNEAR AND MIDDLE EAST COUNTRIES
GULF ARABIAN COUNTRIESGULF ARABIAN COUNTRIES
Bahrain
Iraq
Kuwait
Oman
Qatar
Saudi Arabia
United Arab Emirates
Yemen
OTHER NEAR AND MIDDLE EAST COUNTRIESOTHER NEAR AND MIDDLE EAST COUNTRIES
Armenia
Azerbaijan
Georgia
Israel
Jordan
Lebanon
Palestinian Territory
Syria
OTHER ASIAN COUNTRIESOTHER ASIAN COUNTRIES
Afghanistan
Bangladesh
Bhutan
Brunei Darussalam
Burma/Myanmar
Cambodia
ChinaChinaChina
Hong KongHong KongHong Kong
IndiaIndiaIndia
IndonesiaIndonesia
Iran
JapanJapanJapan
Kazakhstan
Kyrgyzstan
Laos
Macao
MalaysiaMalaysia
Maldives
Mongolia
Nepal
North Korea
Pakistan
PhilippinesPhilippines
SingaporeSingapore
South KoreaSouth Korea
Sri Lanka
TaiwanTaiwan
Tajikistan
ThailandThailand
Timor-Leste
Turkmenistan
Uzbekistan
Vietnam
OCEANIA AND POLAR REGIONSOCEANIA AND POLAR REGIONS
American Samoa
Guam
US Minor Outlying Islands
AustraliaAustralia
Cocos (Keeling Islands)
Christmas Islands
Heard Island and McDonald Islands
Norfolk Island
Fiji
French Polynesia
Kiribati
Marshall Islands
Micronesia
Nauru
New Caledonia
New ZealandNew Zealand
Cook Islands
Niue
Tokelau
Northern Mariana Islands
Palau
Papua New Guinea
Pitcairn
Antarctica
Bouvet Island
South Georgia and South Sandwich Islands
French Southern and Antarctic Lands
Solomon Islands
Tonga
Tuvalu
Vanuatu
Samoa
Wallis and Futuna
INTRA UNIONINTRA UNIONINTRA UNION
EXTRA UNIONEXTRA UNIONEXTRA UNION
Intra Euro AreaIntra Euro AreaIntra Euro Area
Extra Euro AreaExtra Euro AreaExtra Euro Area
Union Institutions (excluding ECB)Union Institutions (excluding ECB)Union Institutions (excluding ECB)
European Investment BankEuropean Investment BankEuropean Investment Bank
European Central Bank (ECB)European Central Bank (ECB)
INTRA UNION NOT ALLOCATEDINTRA UNION NOT ALLOCATED
EXTRA UNION NOT ALLOCATEDEXTRA UNION NOT ALLOCATED
Offshore financial centresOffshore financial centresOffshore financial centres
International Organisations (excluding Union Institutions)International Organisations (excluding Union Institutions)International Organisations (excluding Union Institutions)
International Monetary Fund (IMF)International Monetary Fund (IMF)International Monetary Fund (IMF)
----------------------
Union Member States not in the euro area: individual breakdown by country."