India wants to be a trade, transit hub, Inks UN pact to counter China’s OBOR

Highlights
TIR procedure enables goods to move under customs control across international borders without the payment of the duties and taxes.
Secretary general of IRU which manages the TIR Convention said India’s accession would have a big impact on regional connectivity.

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SOURCE► https://timesofindia.indiatimes.com/india/india-wants-to-be-a-trade-transit-hub-inks-un-pact-in-bid-to-counter-chinas-obor/articleshow/59226113.cms

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