Berne union is also known as

Assessment: JAMB UTME - Commerce - 1995 Subject: Commerce

Question 1 Report

Berne union is also known as
Answer Details
The Berne Union is also known as the International Union of Credit and Investment Insurers. The Berne Union is an association of export credit and investment insurance providers from around the world. The organization was established in 1934 and is headquartered in London, United Kingdom. The Berne Union's members include both public and private sector organizations that provide insurance and other forms of financial protection to businesses involved in cross-border trade and investment. The organization aims to promote international trade by facilitating access to credit and investment insurance, providing a forum for information sharing and best practice, and promoting a better understanding of the role of export credit and investment insurance in supporting economic development. In summary, the Berne Union is an international association of credit and investment insurers that provides financial protection to businesses involved in cross-border trade and investment. The organization promotes international trade and economic development by facilitating access to credit and investment insurance and sharing best practices.

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