Agreements SACE - 25 October 2019

SACE SIMEST and HKECIC sign an agreement to Increase Exports

SACE SIMEST, the export and internationalization Hub of the CDP Group, and the Hong Kong Export Credit Insurance Corporation (HKECIC) today announced a cooperation agreement to assist Italian and Hong Kong companies increase export trade.

The Memorandum of Understanding (MoU) was signed by Michal Ron - Head of International Business SACE -, and Cynthia Chin HKECIC General Manager, during the Annual General Meeting of the Berne Union (The International Union of Credit & Investment Insurers) held in Hyderabad, India.

SACE SIMEST and HKECIC agreed to support local exporters and financial institutions by providing export credit and financial services, in order to facilitate the export of goods and services and trade opportunities between Italy and Hong Kong, and to strengthen the cooperation between the Parties through information exchange, sharing of expertise, and business collaboration.

Hong Kong represents for Italian companies a strategic market, acting as a bridge for the entire area of Southeast Asia. In 2018, Italian exports to the Asia-Pacific region were worth €50 billion, according to SACE SIMEST, and are expected to grow +5% in 2019 and +6% on average between 2020-2022, mainly driven by capital goods such as mechanical industry.

The agreement reaffirms SACE SIMEST’s role of business facilitator for Italian companies operating in international markets. With its two offices located in Shanghai and Hong Kong, the Export and Internationalization Hub collaborates with major Stakeholders in the Chinese market in order to financially support and facilitate access by Italian exporters to trade and investment opportunities involving both Chinese and Italian companies.

Documents

Would you like more information?
Contact us +39 06.6736.888 [email protected]

Ultimi comunicati

SACE - 31 March 2025
Italy to expand commercial ties with the Philippines: SACE announces $600 million partnership with San Miguel Group to open new opportunities for Italian exports
Backed by SACE and provided by Sumitomo Mitsui Banking Corporation, this is the first SACE “Push” Deal in the Philippines
Agreements SACE - 05 March 2025
PIF and SACE sign MoU for up to $3 billion to promote Italian companies’ engagement in Saudi Arabia
The MoU focuses on providing financing support for cooperation between Italian companies in the private sector and PIF and its portfolio companies It represents a continuation of PIF’s strategy to build and maintain strong relationships with leading international financial institutions and further diversifies its range of financing instruments The MoU will contribute to facilitating Italian companies’ businesses with Saudi Vision 2030 projects
Deals & Products SACE - 24 February 2025
SACE and AMEA Power L.L.C. sign collaboration agreement to develop projects in Africa and the Middle East under the ‘Mattei Plan’
The collaboration, for an amount up to 250 million dollars, aims to facilitate the exports from Italy and the internationalization of Italian companies and develop projects in Middle East and Africa, focusing on strategic sectors such as renewable energy production, water and desalination, green ammonia and green hydrogen production.