When forming AMAN Union in ۲۰۰۹, it was not only regarded as a forum for exchange of information and expertise; but also as an initiative for Islamic countries to promote trade and investment among OIC countries through developing different instruments. To this purpose, as stipulated in Article ۳ (h) of AMAN Union's Charter, forming a "Credit Information Database (CID)" of buyers in Islamic and non-Islamic countries; as well as a "Debt Collection Agency" (AU-DCA) is envisaged.
The average Business Insured per AMAN UNION member in ۲۰۱۳ amounted to USD ۱. ۳ b. per member.
As in ۲۰۱۲, TURKEXIM still ranks ۱st in terms of volume of Business Insured, accounting for ۳۸% of the total business volumes in ۲۰۱۳. ICIEC and DHAMAN rank ۲nd and ۳rd respectively, with ۱۶% and ۷% of the total volumes.
The Annual Meeting of the AMAN Union is a yearly gathering which assembles commercial and non-commercial credit and political risks insurers and reinsurers from member countries of the Organization of the Islamic Cooperation (OIC), and also a ground-breaking event for the global Islamic business community to meet, interact and transact business.
The initiative of this union was proposed by "Islamic Corporation for the Insurance of Investment and Export Credit" (ICIEC) and the "Arab Investment & Export Credit Guarantee Corporation" (DHAMAN) and some of the Islamic ECAs.
The ۵th Annual Meeting "the Union of Commercial and Non-commercial Risks Insurers and Reinsurers in the Member Countries of the Organization of the Islamic Conference (OIC) and the Arab Investment & Export Credit Guarantee Corporation (Dhaman)", called as "AMAN UNION", is hosted by the "Export Guarantee Fund of Iran" (EGFI) on ۱۱-۱۲ November, ۲۰۱۴ in Tehran. The meeting, co-arranged by EGFI and AMAN UNION's Secretariat General in Kuwait, will be launched officially today with the speech of H.
The AMAN UNION was launched with the initiative of ICEIC (the Islamic Corporation for the Insurance of Investment and Export Credit Insurance), an affiliate of the "Islamic Development Bank" based in Jeddah, and Dhaman (the Arab Investment and Export Credit Guarantee Corporation) based in Kuwait and some Islamic ECAs, including "Export Guarantee Fund of Iran" (EGFI). Thus, during the ۱st Joint Meeting of Arab and Islamic ECAs held in Beirut, Lebanon on ۲۷-۲۸ October, ۲۰۰۹, the formation of the AMAN Union was announced.
It has been more than a century since the first Export Credit Agency (ECA) has been established in ۱۹۱۹ in UK (Export Credits Guarantee Department- ECGD). Nowadays almost a hundred ECA are active in developed and developing countries, which have a crucial role in facilitating international trade and investment flows, by providing credit insurance for the political and commercial risks.
Despite some criticisms on ECAs' impact on the poor countries' public debts and environmental issues, these agencies have had mutual benefits for both creditor and credit recipient countries.
The noticeable successes achieved in foreign diplomacy following the ۱۱th Government taking term, enlightened the foreign investment atmosphere in Iran and golden investment opportunities have turned this country into a good opportunity for foreign investors and dispatched tens of European economic delegations to Iran. Accordingly, many economic activists believe that the active diplomacy of Tact & Hope Government has depicted a better picture of Iran in other countries which gradually manifests itself in the form of an increase in the I.