SACE close to reopening export credit insurance cover for Iraq transactions and lifting investment restrictions


Businesses that want to invest in Iraq will once again be able to avail themselves of SACE (Export Credit Insurance Agency) insurance cover, the Fifth Inter-ministerial Committee on Economic Programming (CIPE) Committee (the body that deals specifically with internationalisation issues), has ruled. The meeting, chaired by Business Minister Antonio Marzano, was held on 15 May. The decision, which has been approved, will now go before the CIPE for finalising, a mere formality that is unlikely to amend its content. Indeed, foreign, economic affairs, and agriculture ministry representatives were also present, as was Deputy Minister of Foreign Trade Adolfo Urso, who proposed the measures on Marzano's instructions.



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