OREANDA-NEWS. October 27, 2015. US President Obama has welcomed Pakistan’s recent ratification of the TIR Convention, also noting TIR’s role in promoting trade, growth and security.

In wide-ranging talks with Pakistan Prime Minister, Nawaz Sharif, at the White House, President Obama specifically highlighted the role of TIR in promoting economic growth and security.

Both leaders acknowledged the need to strengthen Pakistan’s trade and transit ties with its neighbours, to promote prosperity in Pakistan and the region.

TIR is the only universal Customs transit system for goods moving across international borders. TIR is managed by IRU under the auspices of the UN TIR Convention.