UAE, Kazakhstan export credit agencies sign agreement to boost trade

UAE, Kazakhstan export credit agencies sign agreement to boost trade

The export credit agencies of the UAE and Kazakhstan have signed a cooperation agreement to advance trade and economic relations between the two countries Etihad Credit Insurance (ECI) and Export Insurance Company (KazakhExport) signed an MoU to enhance trade and support sustainable economic growth between the UAE and Kazakhstan. The MoU, which is in line with the “We the UAE 2031” vision, is aimed at strengthening bilateral economic relations between the two countries, driving the business of exporters and small and medium-sized enterprises (SMEs) towards prospects for sustainable growth across different including renewable energy and the manufacture of halal products. and KazakhExport agreed to provide Shariah-compliant insurance, trade credit and export solutions to the UAE and Kazakh exporters to protect them from potential commercial risks in international dealings. The deal allow both parties to cooperate in organising workshops aimed at educating SMEs on the advantages of using trade protection solutions to mitigate the risks of non-payment resulting from several commercial and geopolitical factors. Raja Al Mazrouei emphasised the strategic significance of the partnership, saying, “By entering into this agreement with KazakhExport, we are strengthening our dedication to enhancing the global competitiveness of businesses within the UAE and Kazakhstan. “This vital