Print

Dec 03 2024

Bioceanic Corridor: South American political leaders back need for TIR

The Bioceanic Corridor, South America’s emerging transnational trade route, could significantly benefit from the efficiency and security provided by the global TIR transit system, which has successfully facilitated trade on major corridors worldwide for decades.

At the 11th Meeting of the Bioceanic Corridor’s Working Group of International Coordinators, organised by Paraguay’s Ministry of Foreign Affairs, IRU highlighted the tried-and-tested advantages of TIR to leaders from Argentina, Brazil, Chile and Paraguay.

 

Senior TIR Manager Lucas Lagier said, “The Bioceanic Corridor presents a unique opportunity to transform trade and connectivity in the Mercosur region. With the implementation of the global TIR transit system, we can enhance the corridor’s impact, creating an efficient and competitive model for trade in South America.”

 

“TIR would streamline and expedite customs procedures, lower costs and transit times for operators and traders, enhance economic integration between the Atlantic and Pacific regions, provide exclusive access to East Asia via the Pacific using a single transit system, and contribute to the long-term sustainability of transport in this region,” he added.

 

Lucas Lagier also stressed that the implementation of TIR would be a crucial step in aligning the Bioceanic Corridor with global best practices, ensuring it becomes a driver of regional economic development.

 

Strong regional support for TIR

In a series of bilateral meetings, South American leaders expressed their strong support for the TIR system.

Harold Bergen, Governor of Boquerón, Paraguay, emphasised his steadfast support for TIR. Boquerón, a key contributor to Paraguay’s GDP, will benefit from an efficient trade system. TIR can turn Paraguay from a landlocked country into a landlinked country, just as it has linked the landlocked countries of Central Asia to world markets. Read more

 

Source: IRU