Warehouse Receipts

Inter-organizational Collaboration

The development of a legal instrument to encourage warehouse receipts financing is a technically complex process; it requires the support and participation of many different stakeholders, both in the financial and agricultural sectors, among others.

In this spirit, and in furtherance of our mandate to promote the work of the Inter-American Juridical Committee on this topic, the Department works in collaboration with several international organizations, in particularly, the United Nations Commission on International Trade Law (UNCITRAL), the International Institute for the Unification of Private Law (UNIDROIT) and the Food and Agricultural Organization of the United Nations (FAO). In 2020, the UNCITRAL Commission and the UNIDROIT Governing Council each took a decision to begin a joint initiative for the development of a Model Law on Warehouse Receipts. In December, 2020, the Working Group held its first session; the Department will follow these developments as an observer.