On May 2, 2011, the International Chamber of Commerce (ICC) announced that Mexico will join the ATA (Admission Temporaire/Temporary Admission) Carnet System on May 16, 2011.
ATA Carnets are international customs documents that allow for the duty and tax-free temporary import and export of goods for up to one year.
ICC emphasized in its press release that Mexico's large economy and geographic position make it both an important international trading partner and transit point for goods. Mexico is the U.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 U.S. State Department figures.
Mexico became 71st country to accept ATA Carnets. According to ICC, more than 160,000 Carnets are issued every year worldwide, for goods with a total value of over US $20 billion. ATA Carnets in Mexico will be administered by the Mexico City National Chamber of Commerce (CANACO).