22nd May 2018
Saudi Arabia has become the 74th Contracting Party to the United Nations’ TIR Convention, the only global customs transit system. Joining the Convention facilitates seamless trade and secure movement of goods across borders. More than 30% of global trade crosses the Red Sea, making Saudi Arabia crucial for goods transit through the Middle East. Saudi Arabia’s accession is an important milestone for improving road and multimodal transport in the Middle East.