TIR will facilitate trade between Gulf Cooperation Council (GCC) countries and strengthen the GCC’s role as a global trading hub.
With Oman set to become TIR operational, transport operators in the GCC region can expect further reductions in transport times and costs. The implementation of the TIR system has already reduced the transport time from Dubai, UAE to Amman, Jordan from eight days to just four. All GCC countries have recognised the increased efficiency offered by TIR and have committed to using the system.
Reducing transport costs is particularly important given that IRU’s COVID-19 Impact Report indicates that cash flow will be a key business challenge in the Middle East following the pandemic. According to the report, the GDP of both Saudi Arabia and the UAE is expected to drop by 5%. In the Middle East alone, the road transport industry is expected to sustain losses nearing USD 24 billion.
The road transport industry has a key role to play in economic recovery. Harmonised transit solutions that save time and minimise human contact at border crossings will enable it to play this role.