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Tuesday, 20 June 2017

India becomes 71st country to ratify UN International Convention on Road Transports

India has become the 71st country to ratify the United Nations International Convention on Road Transports, TIR. The Convention is a multilateral treaty to boost International Transport of Goods. TIR is managed and developed by IRU - the world road transport organisation.

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. TIR will help India to integrate with Myanmar and Thailand as well as Bangladesh, Bhutan and Nepal. China was the last TIR contracting party who acceded to the Convention in July 2016.

Important Takeaways from Above News-
  • IRU was founded in 1948 in Geneva, Switzerland.

Source- The Hindu

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