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UAE and Africa credit agencies sign deal to bolster trade ties

The trade ties between the UAE and African countries have been growing over the past few years. The value of non-oil trade between the Emirates and Africa grew 10 per cent to reach $40.7 billion in the first nine months of 2020, ECI said, citing recent data published by state news agency Wam.
Exporters in various sectors, including metals, vehicles, steel and aluminium, agriculture, transport and renewable energy, among others, are expected to benefit from the partnership between ECI and ATI.
The agreement “comes at an opportune moment as ATI has . mandate that supports trade and private sector growth in the region, particularly in the wake of the coronavirus that has affected global economies,” Manuel Moses, chief executive of ATI, said. ....

Nairobi Area , Emanuel Moses , Massimo Falcioni , India Export Credit Guarantee Corporation , African Trade Insurance Agency , Etihad Credit Insurance , Export Credit Guarantee , Fareed Rahman , நைரோபி பரப்பளவு , மானுவல் மோஸஸ் , இந்தியா ஏற்றுமதி கடன் உத்தரவாதம் நிறுவனம் , எத்திஹத் கடன் காப்பீடு , ஏற்றுமதி கடன் உத்தரவாதம் , ஃபீட் ரஹ்மான் ,

UAE and India export credit agencies sign deal to bolster trade ties

Bilateral trade between the UAE and India is estimated at $60 billion, ECI said, quoting data released by India’s Ministry of External Affairs in February. The UAE is India’s third-largest trading partner and second-largest export destination.
The UAE exported $10.9bn worth of crude oil to India in the 2019-20 period and non-oil exports and re-exports between the two countries reached more than Dh24bn and Dh30bn, respectively. India is the UAE s second-biggest non-oil trade partner, data from the UAE Ministry of Economy shows. Apart from oil, the UAE exports precious metals, minerals, chemicals and other products to India. ....

Ahmed Al Banna , Massimo Falcioni , India Export Credit Guarantee Corporation , Ministry Of Economy , Etihad Credit Insurance , Export Credit Guarantee Corporation , External Affairs , India Food Corridor , இந்தியா ஏற்றுமதி கடன் உத்தரவாதம் நிறுவனம் , அமைச்சகம் ஆஃப் பொருளாதாரம் , எத்திஹத் கடன் காப்பீடு , ஏற்றுமதி கடன் உத்தரவாதம் நிறுவனம் , வெளிப்புறம் வாழ்க்கைத்தொழில்கள் , இந்தியா உணவு தாழ்வாரம் ,