Post

India Ratifies UN's Convention for Goods Transit

India Ratifies UN's Convention for Goods Transit

India is the 71st signatory to the United Nations’ TIR (Transports Internationaux Routiers) Convention, an international transit system that facilitates the seamless movement of goods throughout countries in Asia and Europe.

TIR is the global standard for goods customs transit managed and developed by IRU, the world road transport organization. IRU, will work closely with all relevant stakeholders in India on training, development, and outreach efforts to prepare the country in six months in implementing the convention said Umberto de Pretto, secretary general of IRU.

A Truck

India recently ratified the trade facilitation agreement of the World Trade Organization, and this move will help India access transnational multi-modal connectivity.

Kazem Asayesh, senior advisor on TIR and Trade Facilitation said, “The TIR system has been facilitating trade and international road transport for over 60 years, by allowing customs-sealed vehicles and freight containers to transit countries, without border checks.”

A study in the United Nations Economic and Social Commission for Asia and the Pacific region estimated that implementing TIR can generate economic benefits ranging from 0.14 to 1.31 percent of national GDP, reports the Times of India.

Share

About Amritt

Who We Are

Small or big, your business will love our financial help and business consultations! We are happy when our clients are too… Actually, this is quite simple to achieve – because each time we help them in sorting out different accounting intricacies or save the day before filing the taxes, they are happy indeed! And so are we.   

We have over Twenty years of experience helping our clients succeed in India
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Blog
Page
Dictionary
Comparisons
Capabilities
India Business Guide
Services
Private
Speaking
Insights
White Papers
News
Newsletters
Clients
Case Studies
Companies In India
Webinars
Presentations
Industries