UAE, Czech Republic ink agreement to boost trade and economic cooperation

UAE, Czech Republic ink agreement to boost trade and economic cooperation

WAM: Etihad Credit Insurance (ECI), the UAE Federal export credit company, signed a Memorandum of Understanding (MoU) with the Czech Republic’s Export Guarantee and Insurance Corporation (EGAP) to enhance trade, investment, and economic cooperation between the two countries.

Under the agreement, the state export credit agencies will cooperate in joint projects to expand their exports globally, and support local firms operating in growth sectors, such as steel and infrastructure, renewable energy, machinery, plastics, and waste management.

ECI and EGAP will also organise workshops and forums that will promote bespoke trade finance solutions to businesses, particularly SMEs, to help them grow on an international scale.

The partnership also aims to improve halal trade through ECI’s Shariah-compliant finance solutions.