Page 46 - ETIHAD CREDIT INSURANCE PR REPORT - JUNE 2024

6/25/24, 1:31 PM Bin Touq: UAE, Czech Republic enjoy growing and developing economic relations - Aletihad News Center
The agreement was signed by His Excellency Abdullah Bin Touq Al Marri, UAE Minister of Economy and Chairman of
ECI Board of Directors, and His Excellency David Havlicek, Chairman of the Board of EGAP.

Commenting on the agreement, Bin Touq said, “The UAE enjoys growing and developing economic relations with the

Czech Republic, where the two countries have succeeded in their joint efforts to build sustainable and diversified
partnerships and agreements in many economic and investment sectors. The new partnership agreement with EGAP
complements these efforts as it comes within the framework of the distinct economic partnership between the two

countries."

Related News

UAE ambassador presents credentials to UAE sailors in Bahrain for Al Bareh Regatta
President of Peru

He added: "The agreement will promote the creation of new economic prospects between the two exporters'
communities in the two countries and contribute to the consolidation of common economic relations, thereby
supporting the establishment of the UAE as a global partner and attractive and influential economic centre by the next

decade in light of the goals of the ‘We the UAE 2031’vision.”

The agreement calls for robust cooperation across a broad spectrum of duties, such as addressing risks related to
sovereign and quasi-sovereign debtors, explore innovative avenues in improving flexibility for private sector debtors,
and offering insurance facilities for export agreements that are in accordance with the official guidelines of the

Organisation for Economic Co-operation and Development (OECD) Arrangement on Officially Supported Export
Credits. Furthermore, this agreement cultivates a strong foundation for bilateral cooperation in areas of common

interest, which is beneficial to both countries’ export and foreign trade industries.

Export Credit Solutions

For his part, H.E. David Havlicek, stated, “We are confident that this agreement will contribute to advancing trade and
investment between the two countries in the coming period. Providing export credit solutions to Czech and UAE

companies will undoubtedly boost their confidence and security, encouraging them to expand the scope of their mutual
business and investments. We will work side by side with our partners in the UAE to guarantee the success of this
agreement and maximize its benefits.”

Reducing Risks

H.E. Raja Al Mazrouei, CEO of Etihad Credit Insurance, said, “This agreement aligns with ECI’s steadfast commitment
to broadening its global network of partnerships with strategic markets, offering innovative credit solutions,

https://en.aletihad.ae/news/uae/4495896/bin-touq--uae--czech-republic-enjoy-growing-and-developing-e 2/3