Arab Today, arab today south korean trade insurer establishes credit line with cuba
Last Updated : GMT 09:42:59
Arab Today, arab today
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South Korean trade insurer establishes credit line with Cuba

Arab Today, arab today

Arab Today, arab today South Korean trade insurer establishes credit line with Cuba

South Korean trade
Sejong - Yonhap

South Korea's state-run trade insurer said Tuesday it has signed a memorandum of understanding (MOU) to set up a formal credit line and payment guarantee arrangement with Cuba that will allow local companies to trade with the Caribbean nation.
Under the deal reached in Havana, the Korea Trade Insurance Corp. (K-sure) will provide 60 million euros (US$67.9 million) worth of credit line to the Banco Central de Cuba (BCC) and the Banco Exterior de Cuba (BEC), and establish a payment insurance arrangement.

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