Etihad Credit Insurance (ECI) has renewed its strategic Memorandum of Understanding with the Czech Export Guarantee and Insurance Corporation (EGAP), deepening a bilateral trade relationship aimed at expanding export opportunities and cross-border investment between the UAE and the Czech Republic.
The agreement was signed by ECI CEO Raja Al Mazrouei and EGAP Chairman and CEO David Havlíček on the sidelines of TXF Global 2026 in Prague.
The renewed MoU builds on an existing partnership and establishes a broader framework for cooperation across export credit insurance, SME support, risk mitigation, market intelligence sharing, and joint industry events. It also opens pathways for collaboration in third-country markets, giving exporters in both nations a platform to pursue growth beyond their home regions.
The agreement is aligned with the UAE's 'We the UAE 2031' vision, which targets greater non-oil exports and positions the country as a global trade and investment hub. For ECI, the partnership directly supports its mandate to advance economic diversification and help UAE-based businesses manage risk as they enter new markets.
Havlíček noted the UAE's growing appeal for Czech firms, particularly in the ICT sector, pointing to past EGAP-backed exports of radio communication systems and construction technologies to the UAE as evidence of the relationship's potential.
The renewal also comes as the UAE-Czech Joint Economic Committee continues efforts to deepen bilateral ties. Czech imports from the UAE reached AED 886.10 million in 2025, reflecting the momentum both sides are looking to build on.
Through expanded insurance solutions and shared market intelligence, the partnership is designed to give businesses in both countries greater confidence to compete internationally.
News Source: Emirates News Agency
