Tuesday, 02 January 2024 12:17 GMT

Ukraine Signs TRACECA Agreement On Single Transit Permit


(MENAFN- UkrinForm) According to Ukrinform, the Ministry for Communities and Territories Development reported the signing.

Implementation of this mechanism is expected to simplify international road transport procedures, reduce the time required for permits, lower carrier costs, ensure the digitalization of transit operations, and enhance transparency and efficiency in transport processes.

“For Ukraine, the introduction of a single transit permit is an important step toward strengthening our transit potential. The mechanism is expected to attract additional transit cargo flows through Ukraine and foster stronger logistics links between Europe and Asia,” said Oleksii Kuleba, Deputy Prime Minister for Ukraine's Restoration and Minister for Communities and Territories Development.

Read also: Over UAH 30B in additional grants allocated to support frontline communities – Kuleba

The agreement must now be ratified by all participating states. Once internal procedures are completed and the agreement enters into force, practical implementation of the TRACECA Single Transit Permit will begin as a digital tool to streamline transit operations in the region.

As reported earlier, Ukraine and Bosnia and Herzegovina have agreed to liberalize freight transport, with the launch of a“transport visa-free regime” scheduled for January 1, 2027.

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