ICIEC Partners With Egypt, and AATB to Support Economic Development According to the latest news, the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), and the Arab Republic of Egypt, addressed by the Ministry of Trade and Industry and two other associates of the Arab-Africa Trade Bridges (AATB) Program have come together, and encountered a Framework Agreement with an agenda of increasing economic coordination and boost sustainable development in all Arab and African nations. The above-mentioned two-year Framework Agreement will be initiating endeavors toward trade advancements, especially in areas with significant added value. Moreover, sectors that are dependent on a more talented labor force and sectors that promote further investments will get an additional shift as a result of this agreement. In this regard, last year, the African Development Bank Group’s collaboration with the WTO was an initiative towards bridging the trade finance gap due to Covid-19 pandemic. Egypt has been one of the most active Member States under the AATB since its acquisition in 2019 in a bid to further increase the flow of Egyptian exports in African markets, uplifting the total level of exports to $100 billion over the next five years. Additionally, the Framework Agreement will also uphold the African Continental Free Trade Agreement (AfCFTA), which is one of the biggest free trade areas on a global level. Read more: https://www.emeriobanque.com/news/iciec-partners-with-egypt-and-aatb-to-support-economic-development #ICIEC #tradeadvancements #AfCFTA #Egyptianeconomy #tradefinance #insurancefinancial #CPRI