Freight News, Road

India joins TIR

[ August 15, 2018   //   ]

India formally implemented the TIR customs guarantee system on 15 August, the country’s Independence Day, the IRU reports. The move is expected to make cargo movements easier and more efficient, including the International North-South Transport Corridor (INSTC) via Iran. The INSTC provides global access to markets, connecting India to the wider TIR network, including Iran, Azerbaijan, Russia and Central Asia. TIR could also contribute to the implementation of regional Motor Vehicle Agreements, which will help India integrate with Myanmar and Thailand as well as Bangladesh, Bhutan and Nepal.

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