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31 Mar 2021

TIR to drive prosperity in Southern Asia


India joined TIR in 2017.


Boosting Bangladesh-India trade was on the agenda of a recent high-level event organised with IRU member FICCI, the International Chamber of Commerce (ICC) in Bangladesh and the Federation of Freight Forwarders’ Associations in India (FFFAI).


Seamless transport connectivity between India and Bangladesh has the potential to increase national income by as much as 17% in Bangladesh and 8% in India, according to a recent World Bank report on transport integration in eastern South Asia.


The TIR system would support this by decreasing border congestion and cutting transport time and costs. With waiting times at borders between the two countries currently up to 10 days, there is a clear need for TIR, the only global transit solution, to smooth border crossing procedures. Read more


Source: IRU




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