Etihad Credit Insurance (ECI) and the Export Guarantee and Insurance Corporation (EGAP) of the Czech Republic have renewed a strategic Memorandum of Understanding (MoU) aimed at strengthening cooperation in export credit insurance, facilitating cross-border trade and foreign investment, and expanding support for businesses in both countries.
The agreement was signed by Raja Al Mazrouei, Chief Executive Officer of ECI, and David Havlíček, Chairman of the Board of Directors and Chief Executive Officer of EGAP, on the sidelines of TXF Global 2026 in Prague.
The renewed partnership supports the UAE’s economic diversification and export-led growth agenda, while contributing to the objectives of the ‘We the UAE 2031’ vision, which seeks to strengthen the country’s position as a global trade and investment hub and boost non-oil exports.
Under the agreement, ECI and EGAP will enhance collaboration across a range of areas, including export credit insurance, protection against commercial and non-commercial risks, export financing, support for small and medium-sized enterprises (SMEs), market intelligence exchange, and country risk information sharing.
The MoU also provides a framework for organizing joint seminars, workshops, conferences and industry events, while exploring opportunities to support exporters from the UAE, the Czech Republic and third-country markets.
The renewal comes as the UAE and the Czech Republic continue efforts to deepen economic cooperation through the UAE-Czech Joint Economic Committee. Bilateral trade has shown steady growth, with Czech imports from the UAE reaching approximately $241.28 million (AED 886.10 million) in 2025.
Raja Al Mazrouei, CEO – Etihad Credit Insurance (ECI)
“The renewal of our partnership with EGAP reflects our shared commitment to supporting exporters, facilitating international trade, and strengthening economic ties between the UAE and the Czech Republic. By strengthening cooperation in export credit insurance, market intelligence, and knowledge exchange, we are creating new opportunities for businesses in both countries to expand confidently into global markets. This agreement supports ECI’s mission to advance the UAE’s economic diversification goals and the ‘We the UAE 2031’ vision by fostering non-oil trade and creating sustainable growth opportunities for UAE-based businesses.”
David Havlíček, Chairman of the Board of Directors and CEO of EGAP, highlighted the growing potential for bilateral trade, particularly in the technology sector.
Havlíček said that, “The United Arab Emirates is a highly attractive market, particularly for Czech companies operating in the ICT sector. I firmly believe that the availability of financing and insurance support will help further strengthen trade relations between our two countries. In recent years, with EGAP’s support, Czech companies have successfully exported products such as radio communication systems and construction technologies to the UAE.”
The partnership is expected to strengthen market intelligence sharing, expand access to export credit insurance and risk mitigation solutions, and create new opportunities for joint engagement in third-country markets. It will also explore additional insurance and financing mechanisms to help SMEs expand their international presence and support sustainable global business growth.
