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News

05.12.2016

BRICS Export Credit Agencies’ Forum - Second Technical Workshop

The second Technical Workshop of BRICS Export Credit Agencies (ECAs) was held at Hyderabad on December 1-2, 2016. The Technical Workshop was part of a series of events being organised under the Chairmanship of India of BRICS Forum.

The Technical Workshop was hosted by ECGC Limited, a premier Export Credit Agency of India. A total of 18 participants from BRICS ECAs participated in the meeting. BRICS ECAs are actively involved in facilitating cross-border trade by supporting export credits and foreign investments. BRICS countries had a share of around 22 percentage of world trade with total exports of about USD 3.5 trillion in 2015. BRICS ECAs supported more than USD 473 billion of exports from the member countries.

The BRICS ECAs’ Forum is a unique platform aimed at exchange of best practices, expertise, information as well as development of other operational formats and agreements for promotion of closer co-operation between the BRICS ECAs. During the Workshop, the ECAs namely ABGF (Brazil), EXIAR (Russia), ECGC (India), SINOSURE (China) and ECIC (South Africa) discussed a wide range of topics including risk management, reinsurance, sector credit risk evaluation systems and support to exporters’ overseas foreign subsidiary. Apart from these, the representatives also discussed the possibility of setting up BRICS information exchange and co-operation with the New Development Bank. The Workshop included a session on actuarial theory for export credit insurance by an actuarial consultant. The next BRICS Technical Workshop will be hosted by SINOSURE under the chairmanship of China.