Signed by the Ministry of Foreign Affairs and the Export Credit Union.

A memorandum of understanding enhances the position of the UAE as an ideal destination for trade and investment

During the signing of the memorandum between the two sides.

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The Ministry of Foreign Affairs and International Cooperation and the Union Export Credit Company, the credit protection company of the UAE government, signed a memorandum of understanding to strengthen the country's trade and investment relations worldwide.

The two sides agreed to work together to enhance 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 includes the framework regulating the ministry's role in trade and investment meetings, in cooperation with the country's diplomatic missions 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 holding training workshops for investment promotion.

On the sidelines of the signing of the memorandum, the Assistant Minister for Economic and Trade Affairs at the Ministry of Foreign Affairs and International Cooperation, Dr. Abdel Nasser Al-Shaali, said, “Promoting trade and investments is a major priority for the UAE, and we look forward to working closely with the Union Export Credit Company in order to support Emirati exporters and increase trade exchanges. and investment with different countries of the world.

For his part, Chief Executive Officer of Union Export Credit, Massimo Falcioni, said that "the memorandum of understanding will open up export prospects between the UAE and other countries, and will open doors for the Union Export Credit Company to significantly increase its support for local companies, to thrive in foreign markets."

• «Export Credit Union» provides financing, insurance and advisory support to companies.

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