Multilateral Agreement to Help Boost Foreign Trade

The Export Guarantee Fund of Iran, the Trade Promotion Organization, Iran Insurance Company and Saba Business Development Holdings on Tuesday signed an agreement to help reduce risks of foreign trade for Iranian exporters by providing effective insurance cover and guarantees. 
According to a press release seen on EGFI's website, the main objectives of the deal include supporting and promoting export from Iran by extending guarantees and investing in the production of exportable goods, holding meetings between Iranian businesses and potential foreign partners, and expanding the scope of insurance services to Iranian expats wanting to trade with the homeland.
Based on the new agreement, Iran Insurance Company, the largest and the only state-owned insurer, will offer special insurance services to businesses introduced by the TPO. The credibility of these companies will be determined by the EGFI.