Page 51 - ETIHAD CREDIT INSURANCE PR REPORT - JUNE 2024
P. 51

6/25/24, 1:32 PM                UAE, Czech Republic ink agreement for bilateral reinsurance obligations, boost bilateral trade
        relations, thereby supporting the establishment of the UAE as a global partner and attractive and
        influential economic center by the next decade in light of the goals of the ‘We the UAE 2031’
        vision,” commented bin Touq.
        Read: Saudi Arabia boosts maritime sustainability with new multimillion-dollar waste
        recycling plant in Jeddah
        Advancing trade and investment
        Notably, the new agreement falls within the framework of the distinct economic partnership
        between the UAE and the Czech Republic.
        For his part, David Havlicek, stated: “We are confident that this agreement will contribute to
        advancing trade and investment between the two countries in the coming period.” Thus, providing
        export credit solutions to companies in the Czech Republic and UAE will boost their confidence and
        security, encouraging them to expand the scope of their mutual business and investments.”
        Raja Al Mazrouei, CEO of ECI, added: “This agreement aligns with ECI’s steadfast commitment to
        broadening its global network of partnerships with strategic markets, offering innovative credit
        solutions, streamlining export operations, reducing risks, and fostering confidence in exports, re-
        exports, and foreign trade channels.”
        Over the last few years, ECI has successfully formed around 21 cooperation agreements with
        government export credit agencies across the world. This expands its network of collaborations
        which is critical for its new initiative ‘Xport Xponential’. This initiative aims to support the growth
        of UAE exports and increase the diversity of the national economy while also promoting its
        sustainability.
        For more news on logistics, click here.

















































      https://economymiddleeast.com/news/uae-czech-republic-ink-agreement-for-bilateral-reinsurance-obligations-boost-bilateral-trade/  2/2
   46   47   48   49   50   51   52   53   54   55   56