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.

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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.

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Posted on by Gunjan Bagla
Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation. Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject. He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.

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