News ID: 118181
Published: 0224 GMT May 17, 2015

Iran, Italy export guarantee funds sign MoU

Iran, Italy export guarantee funds sign MoU

Iran’s Export Guarantee Fund (EGF) and SACE of Italy signed a memorandum of understanding on the sidelines of the spring session of Berne Union in Florence.

According to the MoU, the two sides agreed to have close and expanded cooperation in line with the development of trade and promotion of exports of the two countries and also improving support capacity for the exporters, IRNA reported.

Cooperation in the field of offering free consultations, holding educational course and bilateral and multilateral seminars on development of credit insurance products and new measures of the assessment and management of export credit risks are among other axis of the agreement.

Taher Shah-Hamed, EGF Managing Director, said after signing the MoU that using technical knowledge and updated information of high-raking export credit funds in the world is on the agenda of EGF and the MoU has been signed in this regard.

He said the cooperation started in 2007 through holding a training course in Iran by instructors of SACE but given that this institute is among pioneers in this industry, strengthening of bilateral ties was also sensed.

Fortunately, he added, as a result of the successful talks, further tendency of European countries for the expansion of cooperation and improvement of relations with Iran is being witnessed.

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