Shanghai: Etihad Credit Insurance (ECI), the UAE's federal export credit company, and Sinosure, its counterpart in China, have signed a Memorandum of Understanding (MoU) to enhance bilateral economic cooperation and promote sustainable trade and investment between the United Arab Emirates and the People's Republic of China.
According to Emirates News Agency, the agreement was signed during ECI's participation at the 8th China International Import Expo (CIIE) in Shanghai, on the sidelines of the China-UAE Economic and Trade Cooperation Promotion Conference. The signing ceremony was attended by Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, and the MoU was signed by Raja Al Mazrouei, Chief Executive Officer of Etihad Credit Insurance, and Lu Dong, General Manager of Shanghai Branch, Sinosure.
The MoU aims to strengthen economic cooperation particularly in the areas of export credit, trade finance, and risk mitigation. It represents a significant step in advancing bilateral support for exporters, investors, and infrastructure projects aligning with both nations' strategic interests.
The partnership highlights the deepening trade relations between the UAE and China and underscores their mutual commitment to economic diversification, sustainable development, and global competitiveness. Al Zeyoudi emphasized the robust trade and investment ties between the two countries, noting that the UAE is China's largest trading partner in the Arab world.
Raja Al Mazrouei commented that the MoU reflects the mutual commitment of ECI and Sinosure to support national exporters and investors. The partnership aims to empower UAE exporters and investors with the confidence and tools to expand globally, leveraging combined expertise in trade credit and risk management to unlock new opportunities in high-growth markets.
Under the terms of the MoU, ECI and Sinosure will collaborate on several key areas, including joint financing of export and investment projects, exchange of market intelligence, and facilitation of mutual market access for exporters and investors. This strategic partnership aligns with the UAE's broader objective to expand economic partnerships across Asia, including with China, one of its largest global trading partners.