Page 67 - ETIHAD CREDIT INSURANCE PR REPORT - JUNE 2024

6/25/24, 1:34 PM UAE And Czech Republic Strengthen Economic Ties With New Partnership - OneArabia

The agreement outlines robust cooperation across various duties. These include addressing risks related to sovereign and

quasi-sovereign debtors, exploring innovative avenues for improving flexibility for private sector debtors, and offering
insurance facilities for export agreements that comply with OECD guidelines on officially supported export credits.

Bilateral Benefits

This partnership cultivates a strong foundation for bilateral cooperation in areas of mutual interest. It is expected to benefit

both countries’ export and foreign trade industries significantly. David Havlicek expressed confidence that this agreement

would advance trade and investment between the two countries.

Boosting Confidence

Havlicek stated, "Providing export credit solutions to Czech and UAE companies will undoubtedly boost their confidence
and security. This will encourage them to expand their mutual business and investments. We will work closely with our

partners in the UAE to ensure the success of this agreement and maximise its benefits."

Commitment to Global Partnerships

Raja Al Mazrouei, CEO of Etihad Credit Insurance, said, "This agreement aligns with ECI’s commitment to broadening its
global network of partnerships with strategic markets. It offers innovative credit solutions, streamlines export operations,

reduces risks, and fosters confidence in exports, re-exports, and foreign trade channels."

Expanding Collaborations

The agreement demonstrates Etihad Credit Insurance's dedication to enhancing cooperation with export credit agencies.

Over recent years, ECI has successfully formed around 21 cooperation agreements with government export credit
agencies worldwide. This move further broadens ECI’s network of collaborations.

Xport Xponential Initiative

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