Page 70 - ETIHAD CREDIT INSURANCE PR REPORT - JUNE 2024

6/25/24, 1:45 PM PRESSR: Etihad Credit Insurance partners with EGAP to streamline process of mutual reinsurance obligations — TradingView News
economic partnership between the two countries. 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.

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.”

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,

streamlining export operations, reducing risks, and fostering confidence in

exports, re-exports, and foreign trade channels.”

The Agreement demonstrates Etihad Credit Insurance's steadfast dedication to

enhancing cooperation with export credit agencies. Over the past few years,

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