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09:54 APEC to advise Peru on tourism satellite account implementation
 
Cajamarca, Feb. 27 (ANDINA). A technical mission of the Asia Pacific Economic Cooperation (APEC) will arrive in Peru in the second week of March in order to advise Peru's Ministry of Foreign Trade and Tourism (Mincetur) on the implementation process of the Tourism Satellite Account (TSA).

A Tourism Satellite Account (TSA) is a statistical accountant framework in the field of tourism and measures the goods and services according to international standards of concepts, classifications and definitions which allow valid comparisons from country to country in a consistent manner.

A complete TSA contains detailed production accounts of the tourism industry and their linkages to other industries, employment, capital formation and additional non-monetary information on tourism.

The 4th APEC Tourism Ministerial Meeting held in Hoi An, Vietnam on 17-18 October 2006 reaffirmed the application of TSA in APEC member economies.

Peru has the 2002 TSA executed and published with solid basic statistics, while Ecuador and Colombia have an incomplete TSA that is still in process, and Bolivia has no TSA.

It should be noted that up to now Mincetur is collecting the necessary information to develop the new base year (2007) that will support the TSA. According to their calculations, the new TSA may be ready in early 2011.

(END) RBM/JPC/DCR

Date: 27/02/2010
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