UAE, New Zealand partner to strengthen trade relations

UAE, New Zealand partner to strengthen trade relations

WAM: Etihad Credit Insurance (ECI), the UAE Federal export credit company, has signed a Memorandum of Arrangement (MoA) with New Zealand Export Credit (NZEC) to boost bilateral trade relations and enhance the capabilities of SMEs in both countries to expand globally, without worrying about the payment risks due to commercial or non-commercial reasons.

ECI and NZEC have agreed to promote UAE and New Zealand exports and export-related investments by providing tailored trade credit insurance and financial guarantees, backed by the governments of the UAE and New Zealand, respectively.

Both export credit agencies have signed this agreement in order to complement and not compete with the private sector through supporting smaller and growing firms, as well as offering the market capacity to larger firms.