UAE – Etihad Credit Insurance (ECI) has signed a memorandum of understanding (MoU) with South Africa’s Export Credit Insurance Corporation (ECIC) to explore, strengthen, and enhance the bilateral trade and economic relations between the UAE and South Africa.
The new partnership will focus on enhancing trade and investments and support business relations between both countries, according to an official statement.
“This partnership is a big step towards enhancing the existing cordial relations between the UAE and the Republic of South Africa. The alliance between ECI and ECIC will certainly support in harnessing the tremendous opportunities for local businesses,” ECI’s CEO Massimo Falcioni said.
Under the MoU, ECI and ECIC will explore opportunities for insurance and share commercial and credit information on buyers.
“The alliance between ECI and ECIC will be an important milestone for the UAE-South Africa trade relations. ECIC has always worked towards providing export credit and investment insurance solutions supporting local businesses by applying best practices in risk management,” ECIC’s CEO Kutoane Kutoane commented.
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