Etihad Credit Insurance (ECI), the UAE's federal export credit agency, has signed a memorandum of understanding with Australia Export Finance (AEF), Australia's export credit agency, to enhance cooperation and coordination in supporting trade and investment between the UAE and Australia in vital economic sectors.

The agreement was signed during the TXF Global event, a leading global platform for export finance, with the memorandum being signed by Her Excellency Raja Al Mazrouei, CEO of Etihad Credit Insurance, and John Hopkins, Director and CEO of the Australian Export Finance Agency .

Commenting on the agreement, Her Excellency Raja Al Mazrouei said: “Australia is a strategic partner of the UAE, and the two countries share strong relations based on solid foundations of mutual trust and a commitment to diversifying the economy and driving sustainable growth. This agreement between Etihad Credit Insurance and the Australian Export Finance Agency marks a new milestone in strengthening bilateral relations and opens up broader horizons for cooperation in priority sectors, in line with the objectives of the UAE-Australia Comprehensive Economic Partnership Agreement ( CEPA ).”

Her Excellency added: “Through this strategic partnership, we seek to provide new financing opportunities for sustainable, innovation-based projects in vital sectors such as energy, infrastructure, and digital transformation. This collaboration contributes to strengthening the role of Etihad Credit Insurance in supporting the UAE’s economic diversification agenda, increasing trade flexibility, and consolidating the country’s position on the international export, investment, and trade map.”

For his part, John Hopkins said: “The memorandum of understanding contributes to strengthening our cooperation and combining our efforts to embody our common aspirations. It also supports prosperity, stability and the diversity of opportunities in both countries, so that we can continue to build on the established foundations and frameworks of the Australian-Emirati partnership, including the Comprehensive Economic Partnership Agreement between the two countries.”

Hopkins added : "The memorandum provides a framework for enhancing cooperation between the Australian Export Finance Agency and Etihad Credit Insurance. It also provides a platform to elevate the prospects of this partnership and increase the momentum of investments in vital sectors, in addition to increasing our engagement in one of the most important strategic markets and within diverse sectors, including renewable energy, infrastructure, transport, digital infrastructure and vital supply chains."

This partnership aims to strengthen initiatives that will increase trade and investment flows between the two countries and enable joint financing of eligible projects in their domestic markets and beyond, particularly in Southeast Asia. The agreement supports knowledge sharing and institutional cooperation, allowing both sides to exchange experiences, insights, and best practices in vital sectors. The memorandum also serves as a catalyst for cooperation in a range of critical sectors, including renewable energy, infrastructure supporting the energy and transportation transformation, and digital infrastructure.

The memorandum establishes a comprehensive framework for long-term strategic cooperation between the two agencies, and embodies the shared commitment of both countries to promote sustainable economic growth and strengthen bilateral relations in the areas of trade and investment, in line with the UAE-Australia Comprehensive Economic Partnership Agreement.

About the Export Credit Union

Etihad Credit Insurance is the official federal export credit company of the United Arab Emirates, providing companies, financial institutions and investors with innovative solutions to stimulate and develop international trade, through a diverse range of solutions and products including export credit insurance, risk insurance, comprehensive market information, export strategies and access to finance.

Founded in 2018, the company has maintained an AA- rating from Fitch Ratings for seven consecutive years. It is a member of the prestigious Berne Union and an associate member of the Alliance of Climate-Neutral Export Credit Agencies (ACCs), a UNEP Finance Initiative. Etihad Credit Insurance (ECI) is also the first company in its sector to join the blockchain-based Know Your Customer (KYC) data exchange platform, spearheaded by Dubai’s Department of Economy and Tourism. Furthermore, ECI received the TXF Global Deal of the Year award, which recognizes the best export finance deal of the year in the commodities trade sector.

Etihad Credit Insurance (ECI) aims to enhance sustainability and non-oil trade to diversify and strengthen the UAE economy, enabling companies to conduct global trade smoothly and efficiently by providing effective credit solutions and specialized market insights. The company is committed to launching several targeted initiatives, most notably the pioneering "Export Xponential " initiative, specifically designed to provide UAE-based exporters, re-exporters, and manufacturers with the necessary facilities, financial solutions , and advisory support to confidently enter global markets.

Etihad Credit Insurance strives to ensure the success of its clients, driven by core corporate values of protection, customer focus, integrity, cooperation, global competitiveness, innovation, and sustainability.

About the Australian Export Finance Agency

The Australian Export Finance Agency (AESS) is Australia's export credit agency, providing trade finance solutions to support export trade, overseas investment, and infrastructure development. AESS supports a wide range of clients, from small and medium-sized enterprises (SMEs) to large corporations, infrastructure projects, and foreign governments, enabling Australian companies to expand globally and thereby supporting Australia's economic security and regional resilience.  

The Australian Export Finance Agency (AESS) manages the Australian government's National Interest Account, which currently includes the Southeast Asia Investment Finance Corporation (SEFI), the Biominerals Corporation, and the Defence Export Corporation. AESS also provides dedicated financing to the Australian Pacific Export Finance Corporation (APEF). Furthermore, AESS supports other Commonwealth entities, including the Australian Housing Corporation and the Northern Australia Infrastructure Corporation.

For more information, please contact:

Orient Planet Group

Email: media@orientplanet.com

Website: www.orientplanet.com

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