ECI and EGAP Renew Strategic Partnership to Boost UAE–Czech Trade and Export Opportunities

Business

ECI and EGAP Renew Strategic Partnership to Boost UAE–Czech Trade and Export Opportunities

Etihad Credit Insurance (ECI), the UAE’s federal export credit company, has renewed its strategic Memorandum of Understanding (MoU) with Export Guarantee and Insurance Corporation (EGAP), the Czech Republic’s export credit agency, to strengthen cooperation in export credit insurance, international trade support, and foreign investment opportunities.

The agreement was signed during TXF Global 2026 in Prague by Raja Al Mazrouei and David Havlíček.

The renewed partnership reflects both countries’ shared ambition to expand trade, support exporters, and create stronger economic links between the UAE and the Czech Republic.

Partnership Supports UAE Economic Diversification Goals

The renewed MoU aligns with the UAE’s long-term economic priorities and supports the objectives of “We the UAE 2031”, which aims to strengthen the country’s position as a global trade and investment hub while increasing non-oil exports.

Under the agreement, ECI and EGAP will work together to create improved frameworks that help businesses:

Manage commercial and non-commercial trade risks
Access export financing solutions
Expand into international markets
Attract investment opportunities
Support long-term sustainable growth

The partnership also reinforces both organisations’ role in enabling exporters to operate more confidently across increasingly complex global markets.

Expanded Cooperation Across Export Credit and Market Intelligence

Building on an existing relationship between both institutions, the renewed MoU establishes broader collaboration across several strategic areas.

Key areas of cooperation include:

Export credit insurance support
Risk mitigation and financing solutions
SME support programmes
Market intelligence exchange
Country risk information sharing
Joint seminars, conferences, and workshops
Exploration of opportunities in third-country markets

These initiatives are expected to improve access to practical tools and insights that help businesses scale internationally.

UAE and Czech Republic Deepen Bilateral Economic Relations

Commenting on the agreement, Al Mazrouei said the renewed partnership reflects a shared commitment to strengthening economic ties and opening new growth opportunities.

She noted that expanding cooperation in export credit insurance, market intelligence, and knowledge exchange will support exporters in both countries while contributing to the UAE’s broader diversification strategy.

Meanwhile, Havlíček highlighted the UAE’s attractiveness as a strategic market for Czech exporters, particularly companies operating within the information and communications technology (ICT) sector.

He added that stronger access to financing and insurance support is expected to further strengthen bilateral trade and investment activity.

Growing Trade Momentum Between Both Markets

The agreement comes amid continued cooperation through the UAE–Czech Joint Economic Committee, which seeks to expand collaboration across trade, investment, and knowledge exchange.

According to the announcement, Czech imports from the UAE reached AED 886.10 million in 2025, reflecting continued momentum in bilateral economic engagement.

The renewed partnership is also expected to strengthen support mechanisms for small and medium-sized enterprises (SMEs) through expanded insurance and financing solutions designed to help businesses scale internationally.