Page 66 - ETIHAD CREDIT INSURANCE PR REPORT - JUNE 2024

6/25/24, 1:34 PM UAE And Czech Republic Strengthen Economic Ties With New Partnership - OneArabia
News | Local | Published: Jun 24, 2024
UAE And Czech Republic Forge Stronger Economic

Relations Through Strategic Partnership

By OneArabia Etihad Credit Insurance (ECI), the UAE Federal export credit company, has entered into a

strategic partnership with the Export Guarantee and Insurance Corporation (EGAP). This agreement aims to establish a

framework for bilateral reinsurance obligations and provide insurance facilities to companies in the UAE and the Czech

Republic. The initiative is expected to promote bilateral trade between the two nations in the coming years.

The agreement was signed by Abdullah bin Touq Al Marri, Minister of Economy and Chairman of ECI Board of Directors,

and David Havlicek, Chairman of the Board of EGAP. Bin Touq highlighted the growing economic relations between the
UAE and the Czech Republic, noting that this new partnership complements existing efforts to build sustainable and

diversified economic ties.

Bin Touq stated, "The agreement will promote the creation of new economic prospects between the two exporters'
communities in both countries. It will also contribute to consolidating common economic relations, thereby supporting the

establishment of the UAE as a global partner and influential economic centre by the next decade, in line with the ‘We the

UAE 2031’ vision."

Scope of Cooperation

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