Report: Iraq has concluded an important agreement that consolidates its strategic role and international status
Report: Iraq has concluded an important agreement that consolidates its strategic role and international status
10-22-2024
A Western website reported that Iraq has concluded an “important” agreement to enhance its position in regional trade, noting that it consolidates its strategic role as a transit center and supports the vision of expanding non-oil sectors.
The “RO” website stated in a report translated by “Mill” that “Iraq, after joining the International Road Transport Agreement, is now ready to strengthen its position in regional trade after signing an important customs agreement.”
He added, “The Republic of Iraq has achieved a major milestone by signing the guarantee agreement between the General Authority of Customs and the National Association for International Land Transport,” indicating that “this agreement paves the way for the implementation of the United Nations System for International Land Transport in Iraq.”
He stressed that “the international road transport system significantly reduces border waiting times by enabling goods to be shipped from the country of origin to the country of destination in closed loading compartments controlled by customs through a multilateral and mutually recognized system.”
He explained that “international road transport allows trucks to cross borders efficiently and safely without having to wait for hours and days on end, and provides a financial guarantee managed by the International Road Transport Union to pay customs duties and taxes.”
He pointed out that “Iraq’s accession to the International Land Transport Agreement consolidates its strategic role as a transit center and supports the country’s economic vision to expand its non-oil sectors.”
“The TIR system, globally recognised for its 75 years of high safety standards and efficiency, is rapidly expanding in the Middle East, from Oman and the UAE to Saudi Arabia and, most recently, Qatar, where TIR is already reducing border crossing times by up to 92% and costs by 50% while boosting trade in the region,” he explained.
miliq.news
