The Union Cabinet on 31 March 2015 gave its nod to signing and ratifying of the Inter-Governmental Agreement on Dry Ports of International Importance.
The cabinet’s decision is in tune with the Resolution of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) regarding development of dry ports within member countries of UNESCAP, in which India is a member.
Importance of the agreement
• The agreement promotes international recognition of dry ports, facilitates investment in infrastructure, improves operational efficiency of inter modal transport services, establishes guiding principles for development and operation of dry ports and enhances the environmental sustainability of freight transport.
• The agreement will help in connectivity and integration of the Asian highway network, the trans-Asian railways network and other modes by working towards development of dry ports.
• The agreement will facilitate and expand international goods transport as a consequence of growing international trade in the region.
• The agreement will lead to strengthening of connectivity and seamless international movement of goods, facilitate increased efficiency and reduce cost of transport and logistics as well as extend reach to inland areas and wider hinterlands.
The agreement is an outcome of the UNESCAP resolution 66/4 of 19 May 2010 on the implementation of the Bangkok Declaration on Transport Development in Asia.
Seventeen countries have signed this Agreement so far. These are Armenia, Bangladesh, Cambodia, China, Indonesia, Iran, the Lao Peoples Democratic Republic, Mongolia, Myanmar, Nepal, the Republic of Korea, the Russian Federation, Sri Lanka, Tajikistan, Thailand, Turkey and Vietnam.
When: 31 March 2015