There shall be freedom of transit for French goods through Haifa and by the British railway through the brown area, whether those goods are intended for or originate in the blue area, area (a), or area (b), and there shall be no discrimination, direct or indirect, against French goods on any railway, or against French goods or ships at any port serving the areas mentioned.
The logic is that transportation firms move goods in transit and provide a glimpse into the pipeline of corporate America.
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Transport lags can cause annual global exports to exceed imports when trade is growing rapidly because goods in transit in December are counted as exports by China, say, but are not counted as imports by America until January.
It was introduced by the UK Treasury in 1983 to help speed up the transit of low-value goods, which may have otherwise been delayed by customs.
Neighbouring India is also negotiating full transit facilities with Dhaka to transport goods to its nearly landlocked north-eastern states through Bangladesh.
He told delegates that steps such as setting tighter rules on car emissions, regulating for energy efficient goods and building urban mass transit systems are already having an impact that can be measured.
If you then now reduce the vehicle traffic that is allowed across the Alps, how is that shortfall going to be made up, other than a reduction in the total number of goods that are allowed to transit?
Small business has historically been a powerful engine of job creation and yet it is shying away from one of the biggest growth opportunities of our time: the Clean Economy, broadly defined here to include not only renewable energy, public mass transit, and waste treatment but all goods and services with environmental benefits.
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They range from buying goods in retail stores and at unattended kiosks, to transit ticketing, and even securely accessing buildings and computers networks.
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Once the transit agreement is finalised, then it will be cheaper for Indian traders to send goods by ship along Bangladeshi rivers up to the border and then take them by road to the north-eastern states.
It is also well placed to be a transit and logistics hub for shipping Russian oil and gas onward to Asia and Asian-made goods deeper into Russia.
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