Created in 1961, the Ducroire is a public institution with legal entity, designed to support Luxembourg exporters while trading internationally, mainly by providing credit insurance schemes for exports, imports and investments abroad. Since the cooperation agreement of 29 April 2002 between the Ducroire and the Luxembourg Government, establishing the COPEL (« Comité pour la promotion des exportations luxembourgeoises »), the Ducroire supports Luxembourg exports by means of a partial contribution in the promotion, exhibition and export training expenses.