Page 76 - ETIHAD CREDIT INSURANCE PR REPORT - JUNE 2024

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.
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 maximise its benefits."
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, Etihad Credit
Insurance has successfully formed around 21 cooperation agreements with government
export credit agencies across the globe. This move further helps to broaden the ECI's
network of collaborations, which is a crucial component of the recently introduced
strategic 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.
EGAP is a specialised state-owned credit insurance company that focuses on the
insurance of non-marketable commercial risks associated with exports of goods and
services from the Czech Republic.
The company's primary focus lies in providing bank loans with a maturity of more than
two years in order to finance the export of energy, machinery, technological systems,
investment projects and transport constructions. (ANI/WAM)
(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff
may not have modified or edited the content body)

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