Export Guarantee Fund of Iran (EGFI) Chairman and CEO Taher Shah Hamed announced signing of an insurance agreement with Italian export credit agency (ECA) SACE to raise mutual support for exporters of the two countries.
Under the agreement, SACE will offer EGFI advisory and training services on products, processes and risk assessment and management, with the objective of transferring to the Iranian ECA the instruments and know-how necessary to sustain Iranian companies in developing and implementing growth plans based on exports.
Iran and Italy are anticipated to support the development and competitiveness of exporting companies in their countries through assistance programs designed by SACE.
The new agreement is anticipated to support the development and competitiveness of exporting companies through assistance programs designed by SACE.
The agreement was signed during the spring meetings of the Berne Union, which was hosted by SACE in Florence.
In the last ten years, SACE has provided assistance for the creation and development of ECAs and other financial institutions in emerging markets of the Middle East, North Africa, Eastern Europe and Asia.
SACE is currently acting as advisor for the startup of new export agency activities in Georgia and is studying various initiatives in new areas, including sub-Saharan Africa.
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