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TIR ‘could slash Africa trade costs’
[ October 10, 2016 // Chris ]A report by the International Road Transport Union (IRU) says that African countries could save themselves billions of dollars by implementing the TIR convention for international transit traffic.
Transit costs in East and Southern Africa concludes that the system could cut costs by hundreds of dollars per container, and would be up to 16 times less expensive than the national bond system on the Walvis Bay-Ndola-Lubumbashi Corridor, as well as substantially more cost efficient on the three other African trade corridors in the study.
IRU is working closely with stakeholders in Kenya, Uganda, Tanzania, Zambia and Namibia to analyse the potential benefits of TIR and to work towards accession and implementation.