ECI signs partnership deal to boost bilateral exports and investments

ECI signs partnership deal to boost bilateral exports and investments

Etihad Credit Insurance (ECI), the Federal export credit company of the UAE and Indonesia Re, the state-owned reinsurance agency of Indonesia have signed an agreement to boost bilateral exports and investments through their trade credit insurance, reinsurance and guarantees. The MoU was signed by Benedictus Mulyawan Waworuntu, President Director of PT Reasuransi Indonesia Utama and Massimo Falcioni, CEO of the Federal Company Etihad Credit Insurance, in the presence of Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade and Deputy Chairman of ECI Board of Directors and His Excellency Kartika Wirjoatmodjo, Vice Minister of State-Owned Enterprises Republic Indonesia and a high delegation from both countries of Government officials, Chamber of Commerce and UAE entrepreneurs. Indonesia, which has the largest economy in Southeast Asia, is one of eight countries which the UAE is seeking trading agreements with as part of the ‘Projects of the 50’. Commenting on the agreement Dr. Thani bin Ahmed Al Zeyoudi, said: “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