Diplomacyindia.com

Shipping goods to Central Asia via Iran to be possible by January

Shipping goods to Central Asia via Iran to be possible by January
December 05
19:15 2017

New Delhi, Dec 5 (IANS) Having acceded to the United Nations’ convention on international transport of goods, India will ship its first consignment to Russia or Turkey via Iran on January 15, cutting down the transport cost and time by half.

“There is a lot of hope in the industry that this will be quite a game changer as far as Indian exports are concerned particularly to Russia and Central Asia,” Central Board of Excise and Customs (CBEC) Commissioner Sandeep Kumar told media here on Tuesday.

He added that the move would also help in operationalising the International North-South Transport Corridor, which has been languishing for years.

India acceded to the Transports Internationaux Routiers (TIR) convention — the global customs transit system for moving goods across international borders — on June 15 this year. The convention would formally come into effect for India — six months after the date of accession — on December 16.

“Maybe around January 15 or 16 — given cooperation from some trading intermediaries and logistics partners — we will actually be able to use this convention to export goods to Russia or Turkey via Iran,” the CBEC Commissioner (Customs and Export Promotion) said.

Kumar added that as per a dry-run conducted as a proof of concept, exporters would save around 50 per cent in terms of cost of transport as well as in terms of time.

With TIR, goods crossing international frontiers would be exempted from any duties or guarantees with all customs checks done at the origin and the destination instead of each frontier. The agreement would also ensure that trusting administrations would accept each other’s control systems so they don’t have to repeatedly examine the goods.

The CBEC Commissioner said the idea was, in fact, born from a summit level meeting between India and Russia where the possibility of an International North-South Transport Corridor was discussed.

“The idea was that instead of sending goods around the Cape of Good Hope, Europe and up there in the north, can you export them through Iran and other Central Asian countries via the Caspian Sea to Russia.”

Kumar said the challenge was crossing three or four international borders.

“We thought if things could get better at international borders in terms of documentation and processes, then this route would make tremendous amount of economic sense.

“With TIR, you can actually cross international borders without having to file declarations that are required under the national law of each country, and you don’t have to give bank guarantees as you cross different frontiers,” Kumar said.

FICCI Secretary General Sanjaya Baru expressed hope that the convention would not only boost India’s trade relations on the western front, but also on the eastern front with Bangladesh and other nations.

FICCI has been appointed by the CBEC as the National Guaranteeing Association for the operation of TIR system in India.

Source : Sarkaritel.com

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

<

On the Eve of 30th Years of Independence of Republic of Uzbekistan, H.E. Dilshod Akhatov, Ambassador of Uzbekistan to India in conversation with Ameya Sathaye, Editor-in-Chief.

Denmark Ambassador to India Freddy Svane in conversation with Amb Pradeep Kapur & Ameya Sathaye, Editor-in-Chief

Italy india will work closely together for G20 : Italy Envoy to India

Do you know why FINLAND is ranked number ONE in Happiness index, watch this interview with Finland Ambassador to India

Exclusive Interview : H.E. Jasem Ibrahem Al Najem Ambassador of Kuwait to India speaks on India Kuwait bilateral relations

ड्रैगन ने हाथी को क्यों डसा, भारत- चीन रिश्तों की कहानी- रंजीत कुमार के साथ अमेय साठे की विषेष चर्चा ड्रैगन ने हाथी को क्यों डसा, भारत- चीन रिश्तों की कहानी- रंजीत कुमार के साथ अमेय साठे की विषेष चर्चा 0 comment Read Full Article

H.E. Reuben Gauci, Ambassador of Malta to India speaks on India-Malta Bilateral Relations

Portugal supports India in covid crisis : Portugal Ambassador Carlos Pereira Marques speaks with Ameya Sathaye, Editor-in-Chief

Vietnam Ambassador to India, Pham Sanh Chau speaks on Vietnam support to India in tackling covid crisis

Netherlands supports India in covid crisis : Netherlands Ambassador Marten van den Berg speaks with Ameya Sathaye

Envoy Speaks : Gopal Baglay, Indian High Commissioner to Sri Lanka speaks on Bilateral relations, business opportunities, Tourism & people to people to people contacts

Kuwait reciprocates, we stand with India in this hour of crisis : Kuwait Ambassador to India

Canadian High Commissioner, Nadir Patel speaking on support to India in covid crisis

Italian Ambassador to India, Vincenzo de Luca speaking on Italy support to India in covid crisis

H.E. Mr. Reuben Gauci, Malta High Commissioner to India speaks with Ameya Sathaye, Editor-in-Chief of Malta support to India in covid crisis

Danish Ambassador to India Freddy Svane speaking on Denmark aid to India

Video Interview with Vinod Daniel, CEO, India Vision Institute, Board Member, International Council of Museums & Chairman, Ausheritage

DENMARK AMBASSADOR FREDDY SAVNE VISIT TO CORONOVIRUS VACCINE FACILITY AT HYDERABAD, A TRIP ORGANISED BY MINISTRY OF EXTERNAL AFFAIRS, GOVT OF INDIA FOR FOREIGN ENVOYS BASED IN INDIA.

MALTA HIGH COMMISSIONER TO INDIA, H.E. REUBEN GAUCI SHARING HIS IMPRESSION ABOUT HIS VISIT TO HYDERABAD : TRIP ORGANISED BY MINISTRY OF EXTERNAL AFFAIRS, GOVERNMENT OF INDIA FOR ENVOYS BASED IN INDIA TO UPDATE ON CORONAVIRUS VACCINE

H.E. Mr. Dinesh Bhatia, Ambassador of India to Argentina in conversation with Ameya Sathaye, Editor-in-Chief

Pictures of Formal Launch of Website Diplomacyindia.com

Exclusive Interview with Prime Minister of Guyana, H.E. Mr. Moses Veerasammy Nagamootoo during his recent visit to India.Highlights of the interview were Indian Cultural Connect, Vibrant Bilateral Ties and Cultural Connect and India’s Economic Prowess.

Video Message from Shri Prakash Javadekar, MoS (IC) for Forest, Environment & Climate Change on eve of Formal Launch of Website Diplomacyindia.com

Message from Gen. V K Singh, (Retd.) Hon’ble MoS, External Affairs to Diplomacyindia.com

WP2Social Auto Publish Powered By : XYZScripts.com