eseoulpost
BusinessUAE
UAE, South Africa to strengthen trade, economic relations
min  |  min
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
승인 2019.06.27  
트위터 페이스북 미투데이 요즘 네이버 구글 msn
   

DUBAI, 27th June, 2019 (WAM) -- Etihad Credit Insurance, ECI, the UAE Federal Credit Insurance Company, signed a Memorandum of Understanding, MoU, with the Export Credit Insurance Corporation, ECIC, the South African Export Credit Agency, to explore, strengthen and enhance the bilateral trade and economic relations between the two countries.

The agreement was signed by Massimo Falcioni, CEO of the ECI, and Kutoane, CEO of the ECIC, during the UAE-South Africa Business Forum held at the Africa trade week in Johannesburg in the presence of senior officials from both the organisations.

The UAE delegation was headed by Sultan bin Saeed Al Mansouri, Minister of Economy and Deputy Chairman of the ECI Board of Directors.

Under the agreement, both institutions will come together to form a cooperative task force to explore trade, technical and economic collaborations that are based on defined areas of interest. These include SME programmes; investment and globalisation; market intelligence and business practices; insurance, co-insurance collections; and trade shows, events, and forums.

Falcioni said, "This partnership creates a common base for both nations to explore and enhance trade and economic cooperation. ECI’s mission, which reinforces the UAE’s Vision 2021, focuses on building a diversified and innovation-driven economy. And this collaboration with the ECIC will help UAE businesses set their foot in international markets by providing them access to a multitude of business practices along with trade insurance and financial solutions."

Kutoane noted, "The alliance between the ECI and the ECIC will be an important milestone for the UAE-South Africa trade relations. The ECIC has always worked towards providing export credit and investment insurance solutions supporting local businesses by applying the best practices in risk management. By offering comprehensive and substantial insurance coverage to local businesses, this will enable them to access new markets and compete effectively on an international level with adequate security."

According to the UAE Ministry of Economy statistics, the non-oil foreign trade between the two countries recorded a significant rise of 23 percent in 2017 to US$3.2 billion, from $2.6 billion in 2016. The report also highlighted that during the first five months of 2018, the non-oil trade between the two countries increased to $1.2 billion from $1.1 billion for the corresponding period in 2017.

 


 

< 저작권자 © eseoulpost 무단전재 및 재배포금지 >
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
트위터 페이스북 미투데이 요즘 네이버 구글 msn 뒤로가기 위로가기
이 기사에 대한 댓글 이야기 (0)
자동등록방지용 코드를 입력하세요!   
확인
- 200자까지 쓰실 수 있습니다. (현재 0 byte / 최대 400byte)
- 욕설등 인신공격성 글은 삭제 합니다. [운영원칙]
이 기사에 대한 댓글 이야기 (0)
Most Read
1
Sharjah Ruler opens inaugural Architecture Triennial
2
ADX lists Aldar Investments $500 million sukuk after issue draws strong investor demand
3
S. Korea to strive to attain higher economic growth in 2020
4
Taiwan President denounces Hong Kong authorities over police shooting
5
DX lists Aldar Investments $500 million sukuk after issue draws strong investor demand
6
Mohammed bin Rashid praises participants of Arab Reading Challenge
7
Largest-ever ADIPEC opens in Abu Dhabi tomorrow
8
Educational tours set to wow students at EXPO 2020
9
Egyptian President visits ADNOC’s stand at ADIPEC
10
Mohamed bin Zayed, President of Kurdistan Region- Iraq deliberating regional developments
Photo News Green Biz
Masdar to bring solar power to 'off-grid' communities around the world
Masdar to bring solar power to 'of...
min
ADNOC ranked amongst five lowest GHG emitters in oil and gas industry
ADNOC ranked amongst five lowest G...
min
World Green Economy Summit 2018 concludes
World Green Economy Summit 2018 co...
min
Restoration of nature requires actions of many :Al Zeyoudi
Restoration of nature requires act...
min
Al Zeyoudi to head UAE delegation to upcoming Global Climate Action Summit in California
Al Zeyoudi to head UAE delegation ...
min
Photo News Sports
Four Emirati golfers participating in Asia-Pacific Amateur Championship
Four Emirati golfers participating...
min
Taiwan shuts out Japan to clinch U-12 Baseball World Cup title
Taiwan shuts out Japan to clinch U...
min
Mohammed bin Rashid receives trophy from Queen Elizabeth II on historic Royal Ascot win
Mohammed bin Rashid receives troph...
min
(U20 World Cup) S. Korea's Lee Kang-in wins Golden Ball as tournament MVP
(U20 World Cup) S. Korea's Lee Kan...
min
Taiwan recurve women's team win gold at Archery World Cup
Taiwan recurve women's team win go...
min
Dodgers' Ryu Hyun-jin wins 7th game of '19, has scoreless streak snapped at 32 innings
Dodgers' Ryu Hyun-jin wins 7th gam...
min
Special Olympics Flame of Hope arrives Wahat Al Karama ahead of event's grand opening
Special Olympics Flame of Hope arr...
min
Mohammed bin Rashid attends Super Saturday races at Meydan
Mohammed bin Rashid attends Super ...
min
Photo News World
Four Emirati golfers participating in Asia-Pacific Amateur Championship
Four Emirati golfers participating...
min
Taiwan shuts out Japan to clinch U-12 Baseball World Cup title
Taiwan shuts out Japan to clinch U...
min
Mohammed bin Rashid receives trophy from Queen Elizabeth II on historic Royal Ascot win
Mohammed bin Rashid receives troph...
min
(U20 World Cup) S. Korea's Lee Kang-in wins Golden Ball as tournament MVP
(U20 World Cup) S. Korea's Lee Kan...
min
Taiwan recurve women's team win gold at Archery World Cup
Taiwan recurve women's team win go...
min
Dodgers' Ryu Hyun-jin wins 7th game of '19, has scoreless streak snapped at 32 innings
Dodgers' Ryu Hyun-jin wins 7th gam...
min
Special Olympics Flame of Hope arrives Wahat Al Karama ahead of event's grand opening
Special Olympics Flame of Hope arr...
min
Mohammed bin Rashid attends Super Saturday races at Meydan
Mohammed bin Rashid attends Super ...
min
Photo News Opinion
3 bodies found at crash scene of chopper near Dokdo islets
3 bodies found at crash scene of c...
min
Rescuers find crashed chopper, body of presumed victim near Dokdo
Rescuers find crashed chopper, bod...
min
Kim's condolence message signals no shift in Pyongyang's stance toward cross-border ties
Kim's condolence message signals n...
min
N.K. rejects dialogue offer, insists on discussing Mount Kumgang issue in writing
N.K. rejects dialogue offer, insis...
min
Samsung heir appears before court in bribery case
Samsung heir appears before court ...
min
Moon vows strong education, prosecution reform for fairness in aftermath of Cho Kuk case
Moon vows strong education, prosec...
min
Moon's approval rating rebounds after Cho Kuk resigns: Realmeter
Moon's approval rating rebounds af...
min
Moon urges more expansionary budget spending, signals no shift in key economic policy
Moon urges more expansionary budge...
min
Newspaper AboutNews ReportAdvertiseComplaintsPrivacy PolicyJuvenile protectionRejection of E-mail Collection
Gangnam-gu, Teheran 52 street in Tehran Bldg, 616(Yeoksam-dong)  |  Main Phone: 02) 563-0604  |  Fax: 02) 538-5665
Chairman : jeong-woo Lee  |  Advisor : byung-il Min  |  Publisher: jae-mo Kah  |  Editors: il-hong Kim
Registration Number 1928 Seoul ah  |  eseoulpost.com / eseoulpost.net / Global Korea.,Ltd
Copyright © 2011 eseoulpost. All rights reserved. mail to jaemokah@daum.com , kih10kr@empas.com/ www.globalkorea.info
arabafrica.net / UAE Interract / Emirtes News Agency(WAM)/ http://wam.org.ae / www.uaeinteract.com