Page 225 - MOE ENGLISH PR REPORT - JUNE 2024

6/28/24, 4:48 PM UAE enjoys growing and developing economic relations with Czech Republic: Minister of Economy – The Gulf Time Newspaper
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.

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