A delegation of the China Export & Credit Insurance Corporation (Sinosure), headed by Executive Director Wang Yi, held a business meeting in the International Bank of Azerbaijan (IBA), the bank said in a message.
As part of the meeting, Abbas Ibrahimov, acting chairman of the IBA board, spoke about the IBA’s activities, its role in Azerbaijan’s economy, the bank’s activity as a business partner of a significant number of corporate clients, and the support of the IBA in the implementation of major business projects.
In turn, Wang Yi, spoke about the activities of Sinosure, the desire of Chinese businesses to cooperate with Azerbaijani companies.
As part of the meeting, the sides discussed possibilities of cooperation with the IBA in the future.
Also, an agreement was reached on continuing mutual cooperation, as well as informing the bank’s corporate clients about the possibilities of this cooperation.
Sinosure is the only Chinese insurance company specializing in the export credit insurance. The company started operation in December 2001. Its headquarters is located in Beijing. (Trend/Business World Magazine)