São Paulo – The United Arab Emirates’ federal export credit company, Etihad Credit Insurance (ECI) is supporting UAE foreign trade companies facing payment and supply chain disruption concerns due to COVID-19 with a range of services.
The agency supports exports and reexports and investment of UAE-based companies with credit for exporting, funding and investment insurance. The Emirates News Agency (WAM) reported last Sunday that, on behalf of the UAE government, ECI eases the pressure on the companies caused by the pandemic.
ECI offered financial support to domestic companies’ export operations and encouraged UAE-based exporters to find alternative suppliers globally, and other solutions. One solution can help them recover the cost of fulfilling an order that is terminated by events such as COVID-19.
ECI CEO Massimo Falcioni commented that the company has been partnering up with banks and intermediaries since 2018 to help UAE businesses of all sizes fulfil and get paid for export contracts and ease access to export funding.
Translated by Guilherme Miranda
