China has become the 70th country to ratify the United Nation’s Transports Internationaux Routiers Convention, the global standard for international freight customs transit, the U.N. Economic Commission for Europe (UNECE) said in a statement.
The convention will enter into force for China on January 5, 2017, and will let the country to export goods to the European Union and Turkey under a single, simplified transit procedure for all transport modes.
“China’s accession to the TIR Convention will open new efficient and faster transport opportunities and transport routes between China and Europe. It can become a real game changer for international trade and is a strong contribution to the Chinese vision for ‘One Road One Belt,’” said UNECE Executive Secretary Christian Friis Bach in a statement.
The TIR transit system is the only global intermodal customs transit system. More than 35,000 road transport operators worldwide are already authorized to use the TIR system effecting about 1.5 million TIR border-crossing procedures per year, UNECE said.
The UNECE, said that the inclusion of China will facilitate trade between Central Asian countries and the European Union, and stimulate China’s transit and logistics services.
Meanwhile, China is studying the benefits of acceding to other U.N. conventions, such as the Contract for the International Carriage of Goods by Road (CMR) and the International Convention on the Harmonization of Frontier Control of Goods.