Thursday, May 6, 2021
Home Business First-ever shipment from Pakistan under TIR leaves for Uzbekistan

First-ever shipment from Pakistan under TIR leaves for Uzbekistan

DM Monitoirng

ISLAMABAD: Adviser to the Prime Minister for Commerce and Investment Abdul Razak Dawood Friday said Pakistan crosses milestone in trade world by sending first ever Transports Internationaux Routiers (TIR) consignment by Afghanistan to Uzbekistan.
The adviser informed that a milestone has been achieved in Pakistan’s transit trade history as Pakistan Customs processed the first-ever, TIR consignment at Torkhum destined for Tashkent (Uzbekistan) via Afghanistan yesterday, said a press release issued by Ministry of Commerce here.
The adviser attended a briefing on recent development in the trade and connectivity of Pakistan with the neighboring regions including Central Asia.
The consignment consisted of herbal medicines crossed into Afghanistan after completion of all custom formalities at Torkhum.
Meanwhile, he said the trade must be based on secure, open, consistent, reliable and legal movement of goods at the Afghan border along with enhanced connectivity with Afghanistan, Uzbekistan and Central Asian Republics (CARs).
He said the long-term vision of the Government for trade and economic relations with Afghanistan, Uzbekistan and Central Asian Republics (CARs) is that it wanted to make Pakistan a hub for trade, transit and transshipment.
Razak Dawood said this would ensure that Pakistan leverages its geo-economic location in the region to enhance its international trade.
He said the current engagement with Afghanistan and Uzbekistan, are steps towards implementation of this vision.
Razak Dawood said that this was a moment of great pride for Pakistan and he lauded the efforts and role of the Pakistan Customs in this regard.
This successful TIR operation will usher a new era of direct land-route trade with the CARs.
He said the use of TIR system will streamline border procedure cutting time and money for trade and transport operators.
At the outset, the advisor said that connectivity with trading partners is vital for viable trade relations.
He said the structure and efficiency connectivity networks enable access to markets and should be considered a facet of the trade competitiveness.
On the occasion, Razak Dawood was briefed by the institutions concerned that the Customs Convention on the International Transport of Goods under Cover of TIR Carnets (called the “TIR Convention”) came into force in March 1978 and it replaced the original Transport Internationaux Routier (TIR) of 1959.
Pakistan became a member of TIR Convention in 2017 and now the convention has 68 contracting parties including China, Afghanistan, Iran, Turkey and all CARs.
The objective of the TIR Convention is to facilitate international transit through simplified Customs transit procedures and an international guarantee system. Customs procedure takes place at origin and destination rather than at each border crossing, using a single guarantee.


Please enter your comment!
Please enter your name here

Most Popular

Next FY to be year of economic rehabilitation, says Hashim

Bureau Report LAHORE: Punjab Finance Minister Makhdoom Hashim Javan Bakht on Wednesday said that financial year (FY) 2021-22 would be the year of economic rehabilitation. Chairing...

Turkish Airlines post profit despite pandemic

Dm Monitoring Ankara: Turkey’s national flag carrier has become one of the first major airline companies to register a profit this year as cargo revenues...

FPCCI discusses budget proposals with FBR

FAISALABAD: Faisalabad Chamber of Commerce & Industry (FCCI) on Wednesday discussed the budget proposals presented by the FCCI for the year 2021-22 with Chaudhry...

Egyptian Court upholds seizure of vessel that blocked Suez Canal

Dm Monitoring Cairo: An Egyptian court upheld its decision to impound the massive container ship that blocked the Suez Canal, rejecting the owner’s appeal. Egyptian authorities...

Recent Comments