Page 82 - ETIHAD CREDIT INSURANCE PR REPORT - JUNE 2024

6/25/24, 1:49 PM UAE enjoys growing and developing economic relations with Czech Republic: Minister of Economy
UAE enjoys growing and developing economic relations with Czech

Republic: Minister of Economy

COMMENT

Middle East | June 24, 2024 6:41:44 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

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