Trade and Transport Corridor Management Toolkit by Charles Kunaka; Robin Carruthers

Author:Charles Kunaka; Robin Carruthers
Language: eng
Format: epub
Publisher: The World Bank

The TIR was designed to help connect national transit systems without the preconditions of harmonization and integration. In contrast, the European Community and Common Transit Systems require a very high degree of customs and financial integration—and trust—within the region in which they are implemented. The most binding requirement is that a bank in one country must be willing to routinely issue bonds that another country’s customs can confidently call. Meeting this requirement demands a high degree of integration, but it may be possible within small or very homogeneous groups of developing countries. Transit regimes must be preceded by harmonized transport policies, standards for access of transport operators to the system, and other aspects, such as insurance and banking.

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