Iranian, Kazakh export credit agencies forge partnership.
Muscat: A Memorandum of Understanding (MoU) signed between Iranian and Kazakh export credit agencies is expected to enhance cooperation between the two countries, officials said.
The MoU was signed by Seyed Kamal Seyed Ali, chairman and chief executive officer of Export Guarantee Fund of Iran (EGFI), Ministry of Industry, Mine and Trade, and Yerkin Sadykov, chairman of the executive board, KazExportGarant.
The signing ceremony was heldon the sidelines of the 6th Annual Meeting of Aman Union in Muscat on Tuesday.
Speaking to Times of Oman, the Iranian official said that EGFI has cooperation agreements with a number of export credit agencies from different countries and the MoU with the Kazakh agency will help increase collaboration between the two countries, especially in the field of reinsurance.
This agreement would allow both sides to share knowledge and experience and cooperate on large projects, Seyed Ali noted.
The Kazakh official said that the agreement is important considering Kazakhstan's plans to export a variety of goods to Oman via Iran.
"We are (also) looking for some goods from Oman to export to Kazakhstan," Sadykov said.
He also noted that Kazakhstan is keen to increase its exports to Gulf Cooperation Council (GCC) countries in future.
Bahman Mennati, claims director at EGFI, expressed hope that the MoU would open doors for further cooperation between Iran and Kazakhstan.
The agreement focuses on joint efforts, exchange of technical information, support of projects and collaboration in the field of reinsurance, he said.
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