The WTO announced that Mexico has ratified the WTO’s Trade Facilitation Agreement (TFA) in the latest signal of support for the landmark global deal. Mexico’s WTO ambassador Fernando De Mateo presented his country’s instrument of ratification to WTO Director-General Roberto Azevêdo on 26 July 2016.
Concluded at the WTO’s 2013 Bali Ministerial Conference, the TFA contains provisions for expediting the movement, release and clearance of goods, including goods in transit. It also sets out measures for effective cooperation between customs and other appropriate authorities on trade facilitation and customs compliance issues. It further contains provisions for technical assistance and capacity building in this area.
The TFA will enter into force once two-thirds of the WTO membership has formally accepted the Agreement. With the acceptance by Mexico, the number of TFA ratifications now stands at 87, representing more than three-quarters of the ratifications needed to bring the Agreement into force.