Explanation:

 INTERNATIONAL ROAD TRANSPORTS (TIR) CONVENTION- The TIR system secures customs duties and taxes and provides a robust guarantee mechanism, thereby reducing trade transaction costs, and facilitating higher growth of intra-regional and inter-regional trade. India ratified United Nations TIR convention in June, 2017 becoming its 71st signatory. It is an international transit system under the auspices of the United Nations Economic Commission for Europe (UNECE) It facilitates seamless movement of goods within and amongst the parties to the Convention