DUBAI, 23 March 2022 - Atradius Dutch State Businessthe Dutch export credit agency, today signed a Memorandum of Understanding (MoU) with Etihad Credit Insurance, the UAE Federal export credit company
The MoU was signed during a high-level trade mission from the Netherlands to the UAE and the ceremony was attended by HE Dr Thani bin Ahmed Al Zeyoudi – Minister of State for Foreign Trade for the UAE and HE Mrs Liesje Schreinemacher, Minister of Trade and Development Cooperation in the Netherlands.
Under the agreement, ADSB is committed to insure innovative capital goods that contribute to regional development and growth for SMEs and corporations based in the Gulf region.
In addition, the two parties agreed to make commercial information more accessible while advocating an efficient approach towards claims and recoveries in both countries. Both agencies agreed to exchange knowledge on opportunities and challenges in sectors like renewable energy, the circulair economy, water and agrifood.
In a bid to equip exporters with a competitive edge to expand on a global scale, ECI and ADSB will also organise workshops, B2B meetings, and other events that deepen economic cooperation and extend trade financing and investment support for the focus sectors.
Irene Visser, Head of Strategy & International Relations, Atradius Dutch State Business, said: “This partnership marks an important step towards stronger trade relations between Dutch and UAE-based growth sectors. We are glad to support the export and import of high-value capital goods and make it easier for Dutch and UAE-based companies to access much needed technology.”
Netherlands has been one of UAE’s key strategic partners for half a century, and this agreement between our export credit agencies will provide enormous benefits to businesses in both countries with innovative trade credit and project finance solutions. It mirrors our strong relationship and shared values. I am confident that this deal will mark a new dawn in our bilateral economic relations.
Massimo Falcioni, CEO of ECI, said: “Our new alliance with Atradius DSB will create a marked shift in the competitiveness of businesses in both the United Arab Emirates and in the Netherlands. We will help them expand on an international scale with concerted efforts, leveraging various bespoke credit insurance, project financing, and credit insurance solutions, affording detailed market insights, and facilitating ease of access to emerging markets.”