Tehran, Moscow Ink Deal on Simplified Customs Corridor

Iran and Russia have signed a cooperation document to facilitate the flow of goods and vehicles between the two countries, a Russian official said.

During a meeting in Moscow, the Head of Iran’s Customs Administration, Masoud Karbasian, and the Head of Russia’s Federal Customs Service, Andrei Belyaninov, signed an agreement to swap information on customs value of the goods crossing the border.

Karbasian and Belyaninov also inked the plan on cooperation between Russia and Iran in the customs area for 2016-2017, the Tass news agency reported.

The two sides also discussed issues related to the North-South transport corridor.

The North-South corridor, when built, is expected to significantly reduce the time of cargo transport from India to Central Asia and Russia. At present, it takes about 40 days to ship goods from Mumbai in India to Moscow. The new route will be able to cut this time to 14 days.

The corridor will also bypass the overloaded and expensive Suez Canal.

(Source: Tasnim, under Creative Commons licence)

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