en commission of the european communities brussels 3 11 2006 com 655 final 0218 cod proposal for a regulation parliament and council establishing new statistical classification products by activity cpa repealing eec n 3696 93 presented 2 explanatory memorandum 1 context 110 grounds objectives known as was established in 1993 harmonisation economic statistics this is closely linked to nace activities revised version proposed which takes into account development economy during last 15 years major revision well other international classifications 120 general some minor amendments have been introduced since its adoption issuing prompted important changes that taken place then result more relevant reality