Etihad Credit Insurance, ‘Indonesia Re’ sign partnership to boost bilateral exports and investments

Etihad Credit Insurance, ‘Indonesia Re’ sign partnership to boost bilateral exports and investments

DUBAI, 4th November, 2021 (WAM) -- Etihad Credit Insurance and Indonesia Re, the state-owned reinsurance agency of Indonesia have signed a Memorandum of Understanding 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.

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade and Deputy Chairman of ECI Board of Directors and Kartika Wirjoatmodjo, Vice Minister of State-Owned Enterprises of Indonesia, attended the signing along with a number of senior officials from both countries.

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. 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 and will fuel the growth of UAE’s knowledge-based economy."

Meanwhile, Wirjoatmodjo said, "Indonesia and the UAE have