Page 12 - ECI PR REPORT - NOVEMBER 2024

Press Release

During its participation in roundtable discussions organised by MoIAT at

ADIPEC 2024

ECI unveils strategies to strengthen UAE's export

sector, highlighting robust trade relations with India

and China

• UAE’s direct investments in the Chinese market doubled in 2023, amounting to
USD 2.2 billion, with a remarkable growth rate of 129 per cent compared to
2022.
• By the end of 2023, the cumulative UAE direct investment balance in China
stood at USD 4.5 billion while the cumulative Chinese direct investment
balance in the UAE had reached USD 8.91 billion.

November 8, 2024: Etihad Credit Insurance (ECI), the UAE’s federal export credit
company, participated in the 40th edition of the Abu Dhabi International Petroleum
Exhibition and Conference (ADIPEC 2024). Held from November 4 to 7, 2024, under
the patronage of H.H. Sheikh Mohamed bin Zayed Al Nahyan, the President of the
UAE, the event served as an ideal platform for ECI to showcase its robust strategies
aimed at bolstering the competitiveness of the UAE’s export sector, in the presence of
representatives from the Republic of India and the People's Republic of China.

During the exhibition, ECI participated in two roundtable discussions, one with
representatives from India, and the second one with representatives from China, which
were organised by the Ministry of Industry and Advanced Technology (MoIAT). Both
the discussions, chaired by H.E. Omar Al Suwaidi, the Undersecretary of MoIAT, were
attended by key partners of the ministry, including Taziz, Khalifa Economic Zones Abu
Dhabi (KEZAD Group), Emirates Development Bank (EDB), Abu Dhabi National Oil
Company (ADNOC), Abu Dhabi Investment Office (ADIO), Dubai Internet City
(DIC), and Ras Al Khaimah Economic Zone (RAKEZ).

Majed Julfar, Director of Trade Credit Insurance and Export Financing at ECI,
delivered a presentation to India’s representatives, followed by another presentation to
China’s representatives. He further leveraged these key sessions to highlight ECI’s
strategic policies and vision aimed at supporting UAE’s export sector, as well as its
notable achievements in this domain.

Julfar reiterated the importance of the ‘Comprehensive Economic Partnership
Agreement’ between the UAE and India, which came into effect in May 2022, opening
up new trade opportunities between the two nations. Moreover, the agreement has either