Council of the European Union and European Parliament 12 January 2005, 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 investment

Also known as

Regulation (EC) No 184/2005 establishes a common framework for the systematic production of Community statistics regarding balance of payments, international trade in services, and foreign direct investment. It mandates that Member States submit standardized data to the Commission (Eurostat) according to specific deadlines, quality criteria, and geographical and activity breakdown levels. The Regulation also defines procedures for the transmission and exchange of confidential data between national authorities, the Commission, and the European Central Bank to ensure statistical coherence.AI