Export credit agencies of UAE, India partner to bolster trade

Export credit agencies of UAE, India partner to bolster trade

DUBAI / WAMEtihad Credit Insurance (ECI), the UAE Federal export credit company, partnered with ECGC Limited (ECGC), the export credit agency of India, to explore and bolster the trade and economic cooperation between the UAE and India. In a Memorandum of Understanding (MoU) signed by Massimo Falcioni, CEO of ECI and M Senthilnathan, Chairman-cum-Managing Director of ECGC, the two agencies are set to collaborate and create prospects for mutual strategic projects, as well as offer a platform to identify new business opportunities and develop new partnerships in the UAE and India. With accessibility to a range of export credit, financing and investment insurance products, businesses and exporters in both countries stand to gain from this partnership. As part of the MoU, both institutions will work towards boosting their cooperation and communication in the following fields: enhancement of trade and business relations between the two countries; exploration of mutual opportunities for insurance, reinsurance, co-insurance services for export of goods in a third country, investments and services to assist and support insured exporters; facilitation of access for SMEs; mutual exchange of good practices; organisation of joint events; and identification of specific solutions in the export insurance field, among others. Highlighting the importance