The Ministry of Foreign Affairs and International Cooperation and the Union Export Credit Company, the UAE government’s credit protection company, signed a memorandum of understanding to strengthen the country’s trade and investment ties worldwide.
The two sides agreed to work together to strengthen the UAE’s position as an ideal destination for trade and investment by highlighting the country’s stable and secure environment, investment-stimulating legislation and advanced infrastructure to support and finance commercial activities.
The signed memorandum contains the framework for the ministry’s role in trade and investment meetings in collaboration with the country’s diplomatic representations abroad.
The memorandum also defines the company’s role in providing financing, insurance and advisory support to companies and institutions, as well as providing expert advice on commercial risks and conducting investment promotion training workshops.
On the sidelines of the signing of the memorandum, Assistant Minister for Economic and Trade Affairs in the Ministry of Foreign Affairs and International Cooperation, Dr. Abdel Nasser Al-Shaali, “Promoting trade and investment is a major priority for the United Arab Emirates. , and we look forward to working closely with the Union Export Credit Company to support Emirati exporters and increase trade exchanges and investment with various countries in the world.
On his part, the CEO of Union Export Credit, Massimo Falcioni, said that “the memorandum of understanding will open up export opportunities between the UAE and other countries and will open doors for Union Export Credit Company to increase its support for local businesses to thrive on foreign markets.”
• “Exportkreditforeningen” provides financing, insurance and advice to companies.
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