Credendo

President-elect Donald Trump made it clear that one of his goals is to strengthen the US manufacturing industry and to reduce the United States’ reliance on imports. The implementation of new tariffs on the automotive sector could disrupt supply chains, affecting everything from production methods to vehicle prices, and potentially raise costs for both manufacturers and consumers. While it remains to be seen if tariff threats will be carried out, the way in which protectionist measures will interact with global trade relationships will play a key role in the future of the automotive sector. https://bit.ly/3VaAw5B #Automotive #Industry #CreditInsurance #ExportCredit #Export

The Belgian Economic Mission to Brazil, led by HRH Princess Astrid, is currently taking place with a delegation of more than 400 hundred people representing 200 Belgian companies, business federations and higher education institutions seeking to launch an activity in Brazil or to expand their business into the country. 🌱 The mission focusses on climate, sustainability and innovation in various sectors, such as agribusiness, healthcare, climate tech, circular and bioeconomy, aerospace and ports, infrastructure and construction. Credendo is present at the mission taking place in São Paulo and Rio de Janeiro. Nabil Jijakli, Group Deputy CEO of Credendo, as well as Riet Vanderbruggen and Mireille Janssens from our sales teams, are attending numerous seminars, delivering presentations and meeting with Belgian companies that are looking for solutions to cover their risks abroad and to finance their projects. Belgium and Brazil are partnering in the energy transition, as Brazil, a robustly growing market, could turn out to be a key player in the green economy. https://bit.ly/3VbpAoh Belgian companies, such as Fluxys, Katoen Natie, Jan De Nul Group, DEME Group, John Cockerill, Sonaca and PARAFIX are already present in this large Latin American economy and we are proud to support them with our solutions. Belgian Foreign Trade Agency (BFTA) #BEmissionBRA #GreenEconomy #PoliticalRisk #EconomicRisk #CreditInsurance #Export

During his election campaign, president-elect #Trump proposed to implement a flat import #tariff of 10 to 20% on all US imports and to target countries that have a large trade surplus with the #USA. Central American countries that heavily rely on exports to the USA, among which #Mexico for 85%, could therefore be negatively affected. https://bit.ly/4fYtdpv Harsher #migration policies would also slap Latin American economies, which highly depend on remittances for their current account revenues and foreign exchange reserves. Latin American countries that have strong ties with #China (e.g. #Cuba, #Venezuela, #Nicaragua, #Brazil, #Chile, #Peru) could also have to face higher tariffs and #sanctions. #USElection #LatinAmerica #PoliticalRisk #EconomicRisk #CreditInsurance #Export

From 22 November to 1 December 2024, a Credendo delegation is participating in the Belgian Economic Mission to Brazil in São Paulo and Rio de Janeiro. As the largest economy in Latin America and one of the world’s food baskets, #Brazil is showing robust growth and demonstrates #resilience and potential in a complex global landscape. The development of its critical #mineral and rare earth reserves could position the country as a key player in the green economy. On the other hand, diversification away from commodities will be critical to face the ongoing deindustrialisation challenge and deforestation concerns. https://bit.ly/3V2AKLP Belgian Foreign Trade Agency (BFTA) #BEmissionBRA #GreenEconomy #PoliticalRisk #EconomicRisk #CreditInsurance #Export

On 13 November, several brokers and partners who work closely with Credendo came together at the Credendo Night in Italy. This annual event has been running since 2016 and is a unique opportunity to foster connections and collaboration within our industry. In their speech, Luca Casagrande Mantegazza, Country Manager at Credendo –Short-Term Non-EU Risks Italy, and Marco Censi, Head of Sales and Country Manager at Credendo – Guarantees & Speciality Risks Italy, highlighted Credendo’s mission and emphasised the valuable role that brokers play in our growth and success. They were pleased to see guests connect in a more relaxed setting during the evening event, which included dinner and music, and concluded another successful Credendo Night. Learn more about our solutions for brokers here:  https://bit.ly/3CAS1W7 #Credendo #CreditInsurance #Export

The ruling Frelimo party won the general elections by a large margin. However, there is a lot of unrest due to allegations of widespread electoral #fraud, corroborated by independent observers, which could pressure Frelimo into making concessions. Due to the situation of political #instability, Credendo maintains Mozambique’s ST political risk rating in category 7/7 https://bit.ly/3UTN9lh #Mozambique #Elections #PoliticalRisk #EconomicRisk #CreditInsurance #Export

Credendo is pleased to support the TXF Export Finance Dealmakers Assembly, which will take place on 19 and 20 November 2024 in Vienna. This event offers invaluable opportunities for networking and deal origination. 📌Wouter Goovaerts, Expert Underwriter, will share insights in the session “Small but mighty: Financing small ticket exports” 📌 Alexander Klepp, Head of Underwriting Single Risk Austria, will participate in the “Expert Briefing: The CPRI Leaders Forum” 📌 Some of our esteemed clients, such as Caterpillar Inc., Desmet, Televic and VYNCKE, will be present in Vienna for the occasion. Take a chance to connect with industry stakeholders and meet our Credendo team in person at the Networking Drinks Reception (on 19 November from 5:15 PM - 7:15 PM) hosted by Credendo. Register now ➡️➡️ https://lnkd.in/e8EQUT6X #TXFVienna2024 #TradeFinance #ExportFinance #TradeCreditInsurance #EmergingMarkets

Join the Seminar “Exploring opportunities in the Arab countries” organised by the ABLCC | Arab-Belgian-Luxembourg Chamber of Commerce in cooperation with its partners BECI and BAB Consult Belgium.    📅 When? 20 November 2024, from 2:00 to 4:30 PM 📍 Where? Premises of BECI (Avenue Louise/Louizalaan 500, 1050 Brussels). 🎤 Speakers? Francois cornet d'elzius, Ambassador of Belgium to Egypt and Soudan Nabil Jijakli, Deputy CEO of Credendo Qaisar Hijazin, Secretary General of the ABLCC   ❓ Why attend? Trade with Arab countries is becoming increasingly important for Belgium, as Arab markets are steadily seeking sustainable solutions, technology innovations and advanced manufacturing, areas where Belgian companies excel.   Information and registration: https://lnkd.in/eJdTTiVD #Business #Networking #ArabMarkets #InternationalBusiness #ABLCC

Are you curious to read about what is new in our CSR report 2023?   The report is available now. It tells you more about our sustainable policies, as well as the projects that we support in this context. In such uncertain times, we find it important to continue protecting our clients’ businesses against commercial and political risks. 🍃   Find out more about our CSR report 2023 here ⬇️ ⬇️ ⬇️   #CorporateSocialResponsibility #CSRReport #SustainableDevelopment #Environmental #Sustainability #ExportCreditAgency

Moldova’s pro-EU Maia #Sandu won the presidential #elections, but she will be confronted with a tense political situation as parliamentary elections will take place next year. https://bit.ly/3O5EbNU Since policy #continuity is expected, the country will likely continue with its bid to join the #EU. Credendo’s #outlook for Moldova’s ST and MLT political risk classification is stable #Moldova #PoliticalRisk #EconomicRisk #CreditInsurance #Export