Page 245 - MOE ENGLISH PR REPORT - JUNE 2024

6/28/24, 4:53 PM UAE enjoys growing and developing economic relations with Czech Republic: Minister of Economy

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)

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