Definition: Foreign affiliate

Balance of payments

"Foreign affiliate" shall mean an enterprise resident in the compiling country over which an institutional unit not resident in the compiling country has control, or an enterprise not resident in the compiling country over which an institutional unit resident in the compiling country has control.
Source:
Eurostat, "Recommendations Manual on the Production of Foreign AffiliaTes Statistics (FATS)", Methodologies and Working papers, 2007 Edition
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