UAE: ECI partners with JIACC to promote trade and investment

ECI and JIACC agreement signing ceremony/Supplied

BY KUDAKWASHE MUZORIWA – Islamic Business and Finance

The partnership seeks to support the Halal industry as well as to strengthen the bilateral business and trade relations between the UAE and Italy.

Etihad Credit Insurance (ECI) has signed an MoU with Italy-based Joint Italian Arab Chamber of Commerce (JIACC) to boost Arab-Italian economic and trade relations by focusing on the Halal industry through the access to ECI’s Shari’ah-compliant insurance and financial solutions.

The duo agreed to collaborate on promoting UAE as a regional hub in Italy through circular investment opportunities, boosting bilateral trade relations in cooperation with Italian industrial association as well as organising joint workshops and forums.

Massimo Falcioni, the CEO at ECI, said, “ECI’s partnership with JIACC is an important landmark in the Arab-Italian trade relations as its collaboration extends to our commitment to supporting UAE’s non-oil exports trade as well as investments and strategic sectors development.”

Additionally, ECI and JIACC agreed to form a collaborative Joint Work Group to explore further cooperative opportunities in the trade, technical, and economic fields, the group will be composed of members who are not only well-informed about the trade credit and investment industry but also mutually appointed by ECI and JIACC.

“The private sector will play a central role in the transformation process that is impacting Italian and Arab economies, and the collaboration between JIACC and ECI will give investors and entrepreneurs from both parts the chance to explore outstanding business opportunities,” added Cesare Trevisani, the Chairman and President at JIACC.

ECI and JIACC also agreed to appoint an ECI executive to the Board of Directors of JIACC in an effort to sustain and support the chamber of commerce’s activity and engage ECI’s experts in JIACC’s tax commission-related seminars.