Three strategic Memorandum of understanding has been signed by ECI and the UAE Federal Credit Insurance Company with the China Export and Credit Insurance Corporation, Both the Industrial and Commercial banks of china are aimed at boosting trade, investments and bilateral exports with the United Arab Emirates and the public of China.
The event took place during the Forum held in Beijing on the 22nd July as part of the visit of the Crown Prince of Abu Dhabi and Supreme Commander of the UAE Armed Forces to the President of China.
The Economic Forum, celebrating thirty-five years of very close relationships between UAE and China, was chaired by. Eng. ruler Bin Saeed Al Mansouri, the UAE Minister of Economy, and Deputy Chairman of the Board of administrators at ECI; and E. Zhong Shan, China Minister of Commerce.
ECI becomes the primary credit Agency (ECA) to partner at the same time with China’s 3 major state-owned money establishments, namely, SINOSURE, the official credit agency of China; ICBC, the world’s largest public company, as per Forbes world 2000 list; and Bank of China, the country’s most globalised and heterogeneous bank that has the longest continuous operation among Chinese banks.
ECI can collaborate with each of those organizations within the exploration and sweetening of trade and economic cooperation between the UAE and China. These alliances can strengthen ECI’s position within the world market place still as it will generate opportunities that each country can generate in terms of investments and trade.
The Memorandum of Understanding was signed in separate events by CEO of ECI with Huang Shan, General Manager, and other Officials along with the Ambassador of the UAE to the Public of china and other senior officials from the organization.