This comes on the heels of the UAE and Uzbekistan announcing last month that they would expand their partnership to include economic, industrial and business incubators through the implementation of 147 initiatives developed by the UAE government in Uzbekistan, according to the Emirates News Agency, “WAM”.
The Memorandum of Understanding signed between the Export Credit Union will open horizons for joint strategic projects between the two export credit agencies, in addition to other areas of cooperation such as technical assistance, training and capacity building.
This partnership aims to strengthen the existing trade relations between the UAE and Uzbekistan, and to provide a platform to explore new business opportunities and develop new cooperation relationships in the UAE.
With access to a wide range of export credit, financing and investment insurance products, exporting companies operating in both countries will benefit greatly from this partnership.
According to the signed memorandum of understanding, the two parties will work closely to strengthen trade relations between the two countries, explore joint opportunities in the field of insurance, reinsurance and joint insurance services to export goods, investments and services to assist and support insured exporters.
This is in addition to supporting the growth of small and medium enterprises; Share best practices; Organizing joint events; And allocating innovative solutions in the field of export protection, in addition to many other areas of cooperation.
It is the Credit Protection Company of the Federal Government of the United Arab Emirates, and the Export-Import Insurance Company of Uzbekistan (UZBEKINVEST), the Export Credit Agency of Uzbekistan.
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