Recently, Cabinet has given its approval for India’s accession to the Customs Convention on International Transport of Goods under cover of TIR Carnets (TIR Convention).

• The Convention on International Transport of Goods Under Cover of TIR Carnets (TIR Convention) is a multilateral treaty that was concluded at Geneva on 14 November 1975 to simplify and harmonise the administrative formalities of international road transport.
• (TIR stands for “Transports Internationaux Routiers” or “International Road Transports”.) The 1975 convention replaced the TIR Convention of 1959, which itself replaced the 1949 TIR Agreement between a number of European countries. 
• The conventions were adopted under the auspices of the United Nations Economic Commission for Europe (UNECE).
• As of January 2017, there are 70 parties to the Convention, including 69 states and the European Union.
• India will become the 71st signatory of the convention.

Source: Wiki