The Export Guarantee and Insurance Corporation (EGAP) and Etihad Credit Insurance (ECI), the UAE Federal export credit company, signed a strategic partnership agreement to establish a framework for bilateral reinsurance obligations and to offer insurance facilities to businesses in the UAE and the Czech Republic. This will help to advance bilateral trade between the two nations in the coming years.
David Havlicek, Chairman of the EGAP board, and Abdulla Bin Touq Al Marri, UAE Minister of Economy and Chairman of the ECI Board of Directors, signed the agreement.
Bin Touq states, “The Czech Republic and the United Arab Emirates have prospered in their collaborative efforts to establish enduring and varied alliances and accords across various economic and investment domains. The UAE is delighted to have these expanding and developing economic ties with them. Since it fits within the parameters of the two nations’ unique economic partnership, the new partnership agreement with EGAP enhances these efforts.
In light of the objectives of the ‘We the UAE 2031′ vision, the agreement will support the establishment of the UAE as a global partner and attractive and influential economic center by the next decade by promoting the creation of new economic prospects between the two exporters’ communities in the two countries and contributing to the consolidation of common economic relations.
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