Union Export Credit signs a cooperation agreement with Chad
Abu Dhabi, November 11, 2017 – Etihad Export Credit signed a memorandum of understanding with the Republic of Chad, with the aim of enhancing bilateral economic and trade cooperation between the UAE and the Republic of Chad.
The signing ceremony took place during the UAE-Chad Investment and Trade Forum in the capital, Abu Dhabi, which witnessed the presence of senior officials and government leaders from both countries, including His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade.
The agreement was signed by His Excellency Raja Al Mazrouei, CEO of the company, and His Excellency Taher Hamid Nguelin, Minister of Finance, Budget, Economy, Planning and International Cooperation of Chad.
His Excellency Dr. Thani bin Ahmed Al Zeyoudi said that the UAE has friendly relations with the Republic of Chad based on solid foundations of mutual respect and the achievement of common interests, and the two countries have a shared commitment to continue improving their trade and investment relations based on their thriving non-oil trade, as trade exchanges reached $2.4 billion in the first half of 2025, a record increase of 166% compared to the corresponding period in 2024, reaching about two billion dollars during the year. 2024.
He added that the agreement signed between the Union Export Credit Company and the Republic of Chad is a new milestone in our growing partnership, as it opens promising horizons for cooperation in vital sectors.
He explained that this agreement reflects the strategic directions of the UAE aimed at strengthening and diversifying the tributaries of the national economy and increasing the momentum of global trade, especially with emerging markets that have tremendous growth potential. The continued growth in export and re-export operations of non-oil goods from the country to African markets, insured by Etihad Export Credit, confirms our success in pushing the wheel of trade growth towards broader horizons and consolidating our qualitative partnerships, and we look forward to continuing to develop our relations with our partners. In Africa, promoting sustainable growth based on strategic economic partnerships.
The memorandum of understanding establishes a basis for joint cooperation in the areas of promoting trade and investment, with the aim of strengthening economic ties and supporting the growth of export and import movement between the UAE and Chad.
In this regard, the two sides will work to enhance export financing and trade insurance solutions, to enable companies to enter new markets while reducing the risks associated with cross-border trade.
Her Excellency Raja Al Mazrouei said that the memorandum of understanding with the Republic of Chad constitutes a qualitative step that supports the company’s vision of empowering Emirati exporters and investors and facilitating their access to a wider range of promising global markets. Through this partnership, we aspire to facilitate export financing and commercial insurance solutions that reduce the risks of cross-border transactions and support joint projects as engines of sustainable development.
Her Excellency added that this cooperation embodies the pivotal role played by ECI as a catalyst for growth, economic flexibility and trade cooperation with African markets. It also contributes to consolidating the UAE’s distinguished position on the regional and international trade map. We are working with our counterparts in the Republic of Chad to open new financing horizons for sustainable and innovation-based projects in vital sectors such as energy, infrastructure, and digital transformation.
Areas of cooperation under the umbrella of the agreement include supporting joint initiatives and exchanging knowledge in the areas of export credit, investment protection, and trade risk management, in addition to promoting joint projects that contribute to achieving sustainable development and economic diversification in both countries.
This cooperation embodies Etihad Export Credit’s tireless efforts to expand the UAE’s network of trade partnerships at the global level, especially within African markets, in line with the ambitious goals adopted by the country to enhance cooperation between countries of the South, advance economic growth, and adopt financial innovation as an engine for trade.
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