India Moves Ahead with Multi-Modal Transport Connectivity Plan

8 March 2017

India’s Union Cabinet approved the signing by the Government of India of the Transports Internationaux Routiers (TIR, or International Road Transport) Convention on 6 March 2017. The approval takes India forward in its bid to establish seamless trade connectivity with Southeast Asian and Eurasian countries and harmonize its transport systems with global standards. 

India will be the 71st signatory of the multilateral international transit treaty, also called the Customs Convention on International Transport of Goods. The TIR Convention will help India move goods faster and at less cost along the International North-South Transport Corridor (INSTC), a multi-modal transport corridor established in 2000 by Iran, Russia, and India to promote transportation cooperation.

TIR’s single transit document reduces the risk of presenting inaccurate information, and only approved transporters and vehicles are allowed to operate. The TIR Convention will also help India implement the World Trade Organization’s Trade Facilitation Agreement, which came into force in February.

India has been promoting multi-modal transport involving railways, highways, and waterways. Mr. Arun Jaitley, Finance Minister, India, stressed in a speech in February the importance of developing an effective transport system in order to have a competitive economy.

India is also party to the Bangladesh, Bhutan, India, and Nepal Motor Vehicles Agreement and the India-Myanmar-Thailand Motor Vehicles Agreement, which simplify cross-border transport among the participating countries. It is also pushing to make operational the Trans-Asian Railway route in cooperation with Iran, Bangladesh, Pakistan, and Turkey.


Related Links:

Roundtable Urges Increased India-Myanmar Connectivity, Trade

A roundtable discussion held in Myanmar noted the need to substantially increase connectivity, trade and diplomatic relations between...

India, Nepal Agree to Develop Bridge over Mechi River

India Prime Minister Narendra Modi and Nepal Prime Minister Sher Bahadur Deuba witnessed the signing of eight memorandums...

Indian Businesses Urged to Invest in Nepal at Business Forum

Nepal Prime Minister Sher Bahadur Deuba urged Indian investors to look at opportunities in Nepal at an India-Nepal...

ADB, Korea EXIM Bank Hold Seminar on CTEC

The Asian Development Bank (ADB) and the Export-Import Bank of Korea (Korea EXIM Bank) held a...

The Future of e-Governance in South Asia

South Asia is one of the fastest growing economic regions, and collaboration in the field of information and...

Bangladesh to Export Bandwidth

Plans to export 102.5 gigabit (Gb) per second of bandwidth from Bangladesh to its neighbors, Bhutan, Myanmar, Cambodia,...

Bangladesh Fast-Tracks Chittagong-Cox's Bazar Railway Project

The Government of Bangladesh is set to select two companies to construct a single-line dual-gauge railway track from...