05/18/2018 | News release | Distributed by Public on 05/18/2018 06:36
Senior Manager, Media and Communications, IRU
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The only global customs transit system for moving goods across international borders, TIR 'Transports Internationaux Routiers' has been supporting trade and development for more than 60 years, by allowing customs-sealed vehicles and freight containers to transit countries with minimal border checks. It is governed by the United Nations TIR Convention and managed by the world road transport organisation, IRU. China's national issuing and guaranteeing association is the China Road Transport Association.
IRU is the world road transport organisation, promoting economic growth, prosperity and safety through the sustainable mobility of people and goods. Founded in 1948, IRU has members and activities in more than 100 countries.
About China Road Transport Association
CRTA has been appointed as the issuing and guaranteeing association for TIR carnets in China. It will begin its TIR issuing and guaranteeing activities from 18 May 2018.
TIR and the facilitation of unimpeded trade for China, 2017 study
Released in Beijing by the University of International Business and Economics (UIBE), the study offers compelling evidence of the benefits of TIR to establish unimpeded trade for China. Highlighting transit challenges, the report shows the potential benefits of TIR, which could reduce transit time by as much as 80 percent and increase total exports by up to USD 7.86 billion.