India on Monday said it had ratified the United Nations TIR (Transports Internationaux Routiers) Convention, a move that would ensure a secured supply chain and boost trade.
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.
Managed and developed by International Road Transport Union (IRU), the world road transport organisation, TIR is the global standard for goods customs transit.
The decision had put India and its neighbours at the centre of efforts to increase overland trade and regional integration across South Asia and beyond,