In 2000, China overtook Japan as the country recorded the biggest trade surplus with the US. Now, countries such as India, Vietnam, Indonesia, the Philippines, Bangladesh and some Latin American countries are developing with strong momentum, which are jointly promoting the change of international pattern of trade in goods and services.
The Governing Council also agreed that a report on recent developments in the field of electronic money - and their monetary policy implications - would be published in September 1998. (d) Legal protection of euro banknotes Finally, the Governing Council agreed on a number of legal instruments aimed at enhancing the protection of euro banknotes.