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Economy

Sinosure signs agreements with foreign firms for B&R construction

September 25, 2018


Abstract : Sinosure has recently signed cooperation agreements with firms from the U.S. and Panama to jointly promote the Belt and Road construction.

sinosure

BEIJING, Sept. 25 (Xinhua) -- Sinosure has recently signed cooperation agreements with firms from the U.S. and Panama to jointly promote the Belt and Road construction.

Sinosure signed a tripartite cooperation framework agreement with the USA-based AES Corporation and Citibank in Colombia.

Under the agreement, Sinosure will provide export credit insurance for a consortium led by Citibank to facilitate AES to purchase power equipment from China and launch engineering and investment projects in third-party market in cooperation with Chinese companies. 

Sinosue also exchanged views with Citibank on deepening cooperation in the Belt and Road countries on a global scale.

Meanwhile, Sinosure signed a cooperation framework agreement with National Bank of Panama, under which the two sides will cooperate to support Chinese electrical and mechanical equipment exports and investment projects in Panama, and establish a project and risk information exchange mechanism. (Edited by Bao Nuomin, baonuomin@xinhua.org)

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Keyword: Panama sinosure

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