EGFI to back exports to Oman

News ID: 4065233 -
TEHRAN, Aug. 22 (MNA) – Chairman of Export Guarantee Fund of Iran (EGFI) has voiced the Fund’s readiness to provide insurance coverage for exports of commodities to Oman.

At a joint meeting between Managing Director of Export Guarantee Fund of Iran (EGFI) Seyed Kamal Seyedali and Chairman of Iran-Oman Joint Chamber of Commerce Mohsen Zarrabi, the former said EGFI was ready to provide insurance support for conducting exports to the Persian Gulf littoral state.

Zarrabi, for his part, called for the establishment of a suitable cooperation platform so that merchants of the two countries can take more advantage of the Fund's services, in particular as regards coverage of Iranian bank accounts and investment in Oman.

EGFI head later outlined new services offered by the Fund in joint partnership with its Omani counterpart adding “upon implementation of these agreements, a portion of difficulties faced by exporters of technical and engineering services as well as those pertaining to export of goods to Oman will be resolved.

“Additionally, mutual reciprocal coverage will be made possible on the basis of these agreements,” he continued.

Export Guarantee Fund of Iran operates as an export credit insurance company of Iran offering guarantee services to the exporters of the country. Established in 1973, EGFI marks the first Export Credit Agency (ECA) of Middle East and North Africa (MENA) region.

HA/4064622

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