First-ever Shipment From Pakistan Under TIR Leaves For Uzbekistan: Razak Dawood
Muhammad Irfan Published April 30, 2021 | 04:52 PM
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
ISLAMABAD, (UrduPoint / Pakistan Point News - 30th Apr, 2021 ) :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.
Related Topics
Recent Stories
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 25 April 2024
Today Gold Rate in Pakistan 25 April 2024
Mired in crisis, Boeing reports another loss
Session Awarding Ceremony 2024 held at Cadet College Muzaffarabad
Austrian ski great Hirscher to make comeback under Dutch flag
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
FM Dar conveys deepest sympathy on torrential rains devastation in UAE
Spain PM Sanchez says weighing resignation after wife's graft probe
Tennis: ATP/WTA Madrid Open results - 1st update
Long-lost Klimt portrait auctioned off for 30 mn euros
Osaka seals first win on clay since 2022 in Madrid
Earthquake jolts Karachi
More Stories From Pakistan
-
15 female teachers injured in road accident
1 hour ago -
Pakistan, UK discuss collaboration in education sector
10 hours ago -
PMD forecast rain-windstorm/thunderstorm for various parts of country
11 hours ago -
Session Awarding Ceremony 2024 held at Cadet College Muzaffarabad
11 hours ago -
FM Dar conveys deepest sympathy on torrential rains devastation in UAE
11 hours ago -
Earthquake jolts Karachi
12 hours ago
-
Sindh minister orders operation after attack on police in Ghotki
12 hours ago -
Police book youngster for abusing student for one year
12 hours ago -
Police arrest 23 suspects, recover stolen money, phones
12 hours ago -
Colorful cultural festival concludes at NUML
12 hours ago -
Immunization awareness week kicks off in Balochistan
12 hours ago -
Ministers visit Aziz Bhatti Shaheed Hospital following roof collapse incident
12 hours ago