Page 258 - MOE ENGLISH PR REPORT - JUNE 2024

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.

https://www.irishsun.com/news/274431282/uae-enjoys-growing-and-developing-economic-
relations-with-czech-republic-minister-of-economy