Economy, Business And Markets

Iran's EGFI, Slovakia’s EXIMBANKA Sign Agreement

EGFI, Slovakia’s EXIM Bank Sign AgreementEGFI, Slovakia’s EXIM Bank Sign Agreement

The CEO of Export Guarantee Fund of Iran, Kamal Seyed Ali, and Dusan Keketi, the head of Slovakia’s EXIMBANKA SR, signed a banking and insurance agreement on the sidelines of Berne Union Spring Meeting.

The chief executives also agreed on sharing their trade database and facilitate cooperation to help improve bilateral ties.

Seyed Ali expressed satisfaction over expansion of Iran’s business ties with European countries after the implementation of the Joint Comprehensive Plan of Action (the formal name of Iran’s nuclear deal with world powers) noting that “agreements with other countries, especially European ones, could help improve Iran’s credit risk rating”.

EGFI had also signed a cooperation agreement with Finnish export guarantee insurance–Finnvera–on May 16 during the Berne Union Spring Meeting. 

Back in 2015, Iran and Slovakia signed two memorandums of understanding to boost investment and scrap extra taxes for trade between the two countries.

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