By Gavin Gibbon
Country's federal export credit company also helping find alternative suppliers across the world
UAE exporters and businesses facing payment and supply chain disruptions as a result of the Covid-19 pandemic have been offered financial support from Etihad Credit Insurance (ECI).
The country’s federal export credit company has also encouraged exporters to take advantage of its advisory solutions to find alternative suppliers across the globe.
Massimo Falcioni, CEO of ECI, said: "ECI has the expertise and knowledge to support UAE-based companies exporting to different parts of the world. We have been partnering with banks and intermediaries since 2018 to help UAE businesses of all sizes fulfil and get paid for export contracts and ease access to export funding.
"For exporters and businesses that are concerned about getting paid, ECI offers an export credit insurance solution that can help them recover the cost of fulfilling an order that is terminated by events outside their control, such as the adverse impacts of Covid-19," he added.
According to the World Trade Organisation (WTO), world trade is expected to fall by between 13 percent and 32 percent in 2020 as the coronavirus outbreak disrupts normal economic activity and life around the world.