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Mexico joins IEA – first member in Latin America

Mexico officially became the International Energy Agency’s 30th member country on February 17, 2018, and its first member in Latin America. The IEA Family of 30 Member countries and seven Association countries now accounts for more than 70 percent of global energy consumption, up from less than 40 percent in 2015.

A historic day in global energy governance as Mexico, the world’s 15th largest economy becomes the first Latin American country to join the International Energy Agency (IEA) as its 30th member country (photo courtesy GettyImages).

The membership came after the signed IEA treaty (the IEP Agreement) was deposited with the government of Belgium, which serves as the depository state, following ratification by the Mexican Senate.

It is a historic day because we welcome our first Latin American member country, with more than 120 million inhabitants, an important oil producer, and a weighty voice in global energy. The ambitious and successful energy reforms of recent years have put Mexico firmly on the global energy policy map, said Dr Fatih Birol, the IEA’s Executive Director.

According to the IEA, Mexico’s accession is a cornerstone of the IEA’s on-going modernization strategy, including “opening the doors” of the IEA to engage more deeply with emerging economies and the key energy players of Latin America, Asia and Africa, towards a secure, sustainable and affordable energy future.

With this final step, Mexico enters the most important energy forum in the world. We will take our part in setting the world’s energy policies, receive experienced advisory in best international practices, and participate in emergency response exercises, said Joaquín Coldwell, Mexico’s Secretary of Energy.

At the last IEA Ministerial Meeting, held in Paris in November 2017, ministers representing the IEA’s member countries unanimously endorsed the rapid steps Mexico was taking to become the next member of the IEA, providing a major boost for global energy governance.

They recognized that Mexico had taken all necessary steps in record time to meet international membership requirements since its initial expression of interest in November 2015. In December, the Mexican Senate ratified the IEP Agreement paving the way for the deposit of the accession instrument and for membership to take effect.

Mexico is the world’s 15th-largest economy and 12th-largest oil producer and has some of the world’s best renewable energy resources. The IEA family will benefit greatly from Mexico’s contribution to a discussion about the world’s energy challenges.

The IEA says that it is “delighted to continue supporting the implementation of Mexico’s energy reform with technical expertise, and further intensifying the fruitful bilateral dialogue of energy policy best practice exchange.”

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