China's Export Credit Agency Covering Iran Investment

(Financial Tribune, Tehran, 9 May 2017) China Export & Credit Insurance Corporation (Sinosure) will provide export insurance for Chinese construction and production investments in Iran. According to a recently signed Meorandum of Understanding, the Chinese export credit agency will insure state-owned and private Chinese companies that intend to invest in Iranian projects, enabling them to use new lines of credit, particularly for the export of high-value added goods from China. Prior to this, the entity had provided credit lines and export insurance for mining and refinery projects in Iran.