Abu dhabi: Etihad Credit Insurance (ECI) has signed a Memorandum of Understanding (MoU) with the Republic of Chad to enhance bilateral economic and trade cooperation between the UAE and Chad.

According to Emirates News Agency, the signing took place during the UAE-Chad Trade and Investment Forum in Abu Dhabi, which convened senior officials and government leaders from both countries, including Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade. The agreement was signed by Raja Al Mazrouei, Chief Executive Officer of ECI, and Tahir Hamid Nguilin, Minister of Finance, Budget, Economy, Planning and International Cooperation of the Republic of Chad.

Dr. Thani bin Ahmed Al Zeyoudi highlighted the longstanding relationship between the UAE and Chad, emphasizing the significant increase in non-oil bilateral trade, which reached US$2.4 billion in the first half of 2025. He noted that this marks a 166% increase over the same period in 2024. Al Zeyoudi expressed that the agreement between ECI and Chad is a milestone in their partnership, opening new avenues for economic collaboration across key sectors.

The MoU establishes a framework for mutual collaboration in trade and investment promotion, aiming to strengthen economic ties and support the growth of exports and imports between the UAE and Chad. Both parties aim to enhance trade finance and insurance solutions, enabling the private sectors in both nations to explore new markets while mitigating risks associated with cross-border trade.

Raja Al Mazrouei commented on the MoU, stating that it represents a significant step in advancing ECI's mission to empower UAE exporters and investors by expanding access to promising global markets. The partnership aims to facilitate trade finance and insurance solutions that de-risk cross-border transactions, encourage knowledge exchange, and support joint projects contributing to sustainable development.

The agreement focuses on facilitating joint initiatives and knowledge exchange in export credit, investment protection, and trade risk management. It also promotes joint projects that support sustainable development and economic diversification in both countries. This collaboration aligns with the UAE's vision to promote South-South cooperation, economic growth, and financial innovation through trade facilitation.