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World News | UAE Enjoys Growing and

Developing Economic Relations with Czech

Republic: Minister of Economy

Get latest articles and stories on World at LatestLY. 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.

Agency News ANI| Jun 24, 2024 06:28 PM IST

Abu Dhabi [UAE], June 24 (ANI/WAM): Etihad Credit Insurance (ECI), the UAE Federal
export credit company, inked a strategic partnership agreement with the Export
Guarantee and Insurance Corporation (EGAP) to create a framework for bilateral
reinsurance obligations and provide insurance facilities to companies within the UAE and
the Czech Republic, contributing to the promotion of bilateral trade between the two
countries during the next phase.
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 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."
"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

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