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Home / Business / China’s Major Exports Insurance Corporation and Partnership Fund of Georgia Sign Cooperation Memorandum

China’s Major Exports Insurance Corporation and Partnership Fund of Georgia Sign Cooperation Memorandum

Partnership Fund of Georgia and Sinosure, exports and credits insurance corporation of China, signed memorandum on cooperation.

Partnership Fund director David Saganelidze told Business Course that Sinosure is an only state company for exports promotion and investments insurance in China. At this stage, Sinosure has insured about 4 trillion USD abroad.

All companies in China wish to enjoy Sinosure consultations, because without the consent from Sinosure no Chinese company will invest any penny abroad.

Sinosure and Partnership Fund have signed a memorandum on cooperation. This signifies that Partnership Fund will be partner of Sinosure in our Region.

We will provide consultations to Sinosureas part of regional projects. We will transmit certain characteristics and assist them in taking decisions”, Saganelidze said.

At the same time, Partnership Fund is working on establishment of exports agency to boost Georgia’s exports potential. In this respect Sinosure will provide both consultations and financial support”, David Saganelidze added.