Etihad Credit Insurance, Indonesia Re unite to foster bilateral exports

Etihad Credit Insurance, Indonesia Re unite to foster bilateral exports

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UAE’s Federal Export Credit Company Etihad Credit Insurance (ECI) has signed a Memorandum of Understanding (MoU) with Indonesia’s state-owned reinsurance agency Indonesia Re to increase bilateral exports and investments through their trade credit insurance, reinsurance, and guarantees.

Under the agreement, ECI and Indonesia Re will work together to ease commerce and export between the UAE and Indonesia, make funding more accessible to SMEs and mid-caps, and use Shariah-compliant insurance and finance solutions to expand halal trade.

Both organizations will also cooperate to improve the two nations’ business relations, give information on ongoing and potential new projects, as well as investigate insurance, reinsurance, and co-insurance options for export and investments.

Further, they will cooperate to investigate claim recoveries in Indonesia or the UAE, as well as share experience and best practices in commercial underwriting, risk management, country assessment, claims, and recovery.

Thani bin Ahmed Al ZeyoudiUAE Minister of StateForeign TradeChairman – ECI Board of Directors

“The UAE considers Indonesia as a vital strategic partner and this agreement will be a significant force in creating new opportunities, attracting FDI, boosting trade and exports, and accelerating the global economic recovery. Greater collaborations like this will enhance sustainable development and will fuel the growth of UAE’s knowledge-based economy.”

“Indonesia