The 'UAE Export Credit Corporation', the federal export credit agency in the United Arab Emirates, has signed a memorandum of understanding with its Chinese counterpart, 'Sinosure'. This agreement marks a significant step in strengthening economic ties between the two nations and promoting bilateral trade. The companies plan to collaborate in the field of export credit insurance, which will provide additional guarantees and reduce risks for businesses in both countries. The signing took place as part of efforts to develop strategic partnership between the UAE and China.
"We highly value this partnership, which opens new horizons for our exporters," said a representative of the UAE Export Credit Corporation.
