" As goods and services cross borders several times at different stages of processing, conventional trade statistic may not tell whole story"
1. When Gurria refers to " conventional trade statistic, he means statistics that have:
• historically been provided only to government analyst.
• been used only by the Organization for Economic Cooperation and Development.
• only been made available to the World Bark.
• historically been publically available and commonly used.
2. Conventional trade statistics may no longer be as reliable as they once were because:
• the U.S. government has assumed responsibly for the trade statistics.
• the Organization for Economic Cooperation and Development has changed constituency several times.
• once goods and services cross borders several times, double counting may occur.
• countries could be providing fraudulent information.
3. Inaccurate trade statistics cause problems because they:
• make it less difficult to evaluate the revenue of tariffs.
• create inconsistencies when planning trade wars.
• reduce the accuracy of export and import nformation.
• make it less difficult to establish quotas.