Export credit agencies of UAE and Indonesia sign reinsurance agreement to bolster bilateral trade

Export credit agencies of UAE and Indonesia sign reinsurance agreement to bolster bilateral trade

WAM: Etihad Credit Insurance (ECI), the UAE Federal export credit company, and its Indonesian counterpart PT Reasuransi Indonesia Utama (Persero) or Indonesia Re have signed a reciprocal reinsurance agreement to bolster their bilateral trade and expand their collaborative initiatives across the globe by fostering sustainable and inclusive economic development and corporation.

This pact follows the MoU signed between ECI and Indonesia Re, as part of a high-level delegation meeting of both countries’ ministers and government officials held in the UAE in November, in the presence of Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade and Deputy Chairman of ECI’s Board of Directors and Kartika Wirjoatmodjo, Vice Minister of State-Owned Enterprises of Indonesia.