Pilot transports under TIR between India and Iran set for early 2018

To offer expected time savings of 40 per cent with a 30 per cent reduction in the cost of trade, the first pilot transports under TIR (Transports Internationaux Routiers or International Road Transport) between India and Iran along International North South Transport Corridor (INSTC) have been set for early 2018 at strategic talks recently held in Mumbai. The two-day meeting gathered 20 high level representatives from India and Iran’s transport industry as well as representatives from Customs. The goal of the meeting was to discuss the implementation of TIR and to establish cooperation between representatives of the public and private sectors to activate the use of TIR along the INSTC.