Investment Insurers to Merge
World Economy

Investment Insurers to Merge

The Berne Union and Prague Club have agreed to create a new global association for export credit and investment insurers. The decision was taken at the associations’ spring meeting this week in Warsaw, where members voted to fully integrate the Prague Club into the Berne Union.
The new integrated Berne Union will have 81 members from 73 countries. “A new Prague Club Committee will complement the existing Berne Union specialist committees, while retaining the unique identity of the Prague Club,” reads a statement issued by the Berne Union, Global Trade Review reported.
The Berne Union’s president, Topi Vesteri says that the decision “contributes to a much closer framework among experts and a stronger voice for our products globally”.
The Prague Club’s chair, Chris Chapman, adds: “The Prague Club is very happy to formalize this integration, which supports the information sharing and development objectives of Prague Club members, as well as acknowledges the mutual benefits that all members can offer as a result of their global representation and diverse market knowledge and experiences.”
The Prague Club was started in 1993 by the Berne Union with funding from the European Bank for Reconstruction and Development. The group was named after the city where its inaugural meeting was held, carrying in the tradition begun by the Berne Union.
It was set up to support members in developing their export credit and investment insurance schemes and facilities, and provided this support by hosting regular technical discussions, as well as by facilitating ad hoc information exchanges.
Prague Club members were initially central and eastern European agencies, but membership later expanded to include members from Asia and Africa.

Short URL : http://goo.gl/dRTbcA
  1. http://goo.gl/27L7xD
  • http://goo.gl/WKUk1H
  • http://goo.gl/dLJWx7
  • http://goo.gl/cZqWXJ
  • http://goo.gl/F1yXNe

You can also read ...

Apple Begins Selling IPhone XS, XS Max Worldwide
Apple’s newest iPhone XS went on sale worldwide Friday as...
Lower-income families, already pinching pennies, are most exposed, given the likelihood of tariff-related price increases on everyday items.
China canceled trade talks with the US and will no longer send...
Taiwan Consumers More Upbeat on Economy
Confidence in Taiwan’s economy edged higher in September after...
Dairy Exports Hinder US-Canada Deal
One of the last remaining points of contention in the trade...
Turkey, Venezuela Plan to Use Local Currencies
Turkey and Venezuela are eager to use local currencies in...
EU foreign affairs chief Federica Mogherinia (L) and Transport Commissioner Violeta Bulc present the proposal  for an EU strategy for connecting Europe and Asia.
While European Union leaders were in the middle of another...
Japan to Resist New Auto Tariffs
The Japan-US ministerial-level trade talks scheduled on Monday...
Pakistan Seeks  to Increase  Exports to China
In a positive development, an important mission from China is...