11.05.09Mexico to Join ATA Carnet System

The ATA Carnet System is set to expand on Ma 16, when Mexico will join this international system, which reduces paperwork and costs for businesses traveling with goods, following new members such as Bosnia and Herzegovina, and the United Arab Emirates.

Mexico has long been identified as one of the priority target countries by the network of organizations already affiliated with the ATA guarantee chain, administered by the International Chamber of Commerce (ICC). The addition will bring to 71 the number of countries accepting ATA Carnets, which work like passports for goods.

Mexico’s large economy and geographic position make it both an important international trading partner and transit point for goods. Mexico is the United States's second-largest export market and its third-largest trading partner. Mexican exports to the US in 2009 were worth US$185 billion, representing approximately 80% of the country's total exports, according to US State Department figures.