The Polish Export Credit Insurance Corporation (KUKE) and the China Export & Credit Insurance Corporation (Sinosure) – the largest Export Credit Agency (ECA) in the world – signed a cooperation agreement. This opens up new trade cooperation opportunities for Polish and Chinese businesses.
“The cooperation agreement with the main export credit insurance agency in the world not only is a continuation of the Polish-Chinese cooperation but also paves the way for entrepreneurs in both countries to write a new, rich chapter in their mutual trade relations. They can now count on easier access to financing on both markets. The document will help attract Chinese investments to Poland and create a common platform for discussion of joint projects encompassing financial security risk instruments”, Piotr Stolarczyk, KUKE’s Vice-President said.
The memorandum between KUKE and its sister agency from China will also allow both operators to provide more flexible collateral in transactions on those markets.
