Chinese representatives visit ABGF
International relations 13 de November de 2017
Representatives of the China Export & Credit Insurance Corporation (Sinosure) were on Thursday (9) at the headquarters of the Brazilian Guarantees Agency (ABGF) in Brasília. Micael Xu and Jonathan Zhi Zhang were received by ABGF’s CEO, Marcelo Franco, and discussed possibilities for cooperation between the two institutions.
At the meeting, Franco explained ABGF’s operating model in relation to the export sector and reported on the two main lines of action of the agency, aimed at both large exporting companies and micro, small and medium enterprises that export. “ABGF acts in a complementary way in the market by filling a space that is not occupied by private insurers,” he said.
Representatives also shared experiences and practices on customer relationship initiatives. The ABGF ‘s CEO informed that the application forms for the Export Credit Insurance are currently available on the agency’s website, as well as price simulators.
“The interested businessman can do the whole process of requesting the insurance online and submit the documents to a bank manager to make the granting of the loan simple and unbureaucratized,” he commented.
Marcelo Franco also spoke about the work being developed, in partnership with the national financial sector, to encourage a greater participation of private commercial banks in the financing of export operations, currently carried out mainly by the Brazilian National Development Bank (BNDES).
Sinosure is an insurance company established to promote China’s foreign trade and economic cooperation, and started operations on December 18, 2001. In 2015, the company supported exports, domestic trade and investments with a total value of US $ 2.8 trillion and covered claims of $ 9.5 billion.
The company serves thousands of exporters and hundreds of medium and long-term projects on high technology exports, electrical machinery and equipment, as well as engineering services, by enabling loans made by 233 banks.