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Global transit system to boost India trade
2017/06/21
June 19, 2017
New Delhi, India:  India has become the 71st country to ratify the United Nations TIR Convention.
 
The accession to the TIR Convention is part of India’s multi-modal transport strategy that aims to integrate the economy with global and regional production networks through better connectivity.
 
Umberto de Pretto, secretary general, IRU said: “This is an important step in harmonising standards and boosting transport, trade and development across South Asia.”
 
“We look forward to working closely with the Indian government and business community as we turn our attention now to implementing the TIR system.”
 
TIR will be critical in helping India implement the World Trade Organization’s Trade Facilitation Agreement, which entered into force this year.  The Convention will also facilitate India’s current national and multilateral connectivity-related initiatives to improve cross border road transport, facilitating overland trade integration with both eastern and western neighbours.
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