Etihad Credit Insurance (ECI) and Export Finance Australia (EFA) have signed a Memorandum of Understanding to deepen trade and investment cooperation between the UAE and Australia, targeting key sectors including renewable energy, infrastructure and digital transformation.
The agreement was formalised at TXF Global in Prague, a major international export finance conference. ECI Chief Executive Raja Al Mazrouei and EFA Managing Director and CEO John Hopkins signed the MoU on behalf of their respective agencies.
The deal aligns with the UAE-Australia Comprehensive Economic Partnership Agreement (CEPA) and establishes a framework for long-term strategic cooperation between the two export credit agencies. It opens the door to co-financing eligible projects within both countries and in third regions, with Southeast Asia identified as a priority area.
Al Mazrouei said the partnership is designed to unlock financing for sustainable, innovation-driven projects and reinforces ECI's role in advancing the UAE's economic diversification agenda.
"Strategic alliances like this enhance trade resilience and further elevate the nation's global standing in export, investment and international trade,"
she said.
Hopkins described the MoU as a practical extension of the broader Australia-UAE relationship, saying it will advance prosperity, security and opportunity for both nations. He highlighted renewable energy, transport, digital infrastructure and critical supply chains as areas where cooperation is expected to grow.
Beyond financing, the agreement supports institutional collaboration and knowledge exchange, allowing both agencies to share expertise and best practices across shared priority sectors.
The signing marks a significant step in cementing the UAE and Australia as regional leaders in sustainable economic growth, building on the commercial foundation laid by the CEPA.
News Source: Emirates News Agency
