Standard Bank prepares to dominate Africa-China trade flow

In a move
that is set to significantly boost the export of African products to China,
Standard Bank, Africa’s largest financial services organisation, has launched a
new export proposition that eases challenges and supports exporters in accessing
the Chinese market.

The Africa
China Export Proposition (ACEP), launched at the China International Import
Expo (CIIE) in Shanghai, connects export-ready clients from across the African geographies
in which Standard Bank operates with suitable importers in China while also fast-tracking
the export process by guiding them through the entire export value chain.

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establishing market access to navigating regulatory requirements, preparing the
product for export and transporting the product itself, the Standard Bank’s ACEP
aims to support clients across all sectors to allow for a seamless trade
experience between their exported goods and the intended Chinese importers.

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pools together the relevant stakeholders – from both the public and private sector
– who possess the experience, capabilities and necessary infrastructure to address
the needs of African exporters by providing them with market intelligence,
access to trade finance, sales channels and more.

This is
facilitated in part by Standard Bank’s strategic partnership with the Industrial
and Commercial Bank of China (ICBC), which has led to a partnership with
Chenshia Group and Axis Group International. These two trade agents are well versed
and knowledgeable of both the …read more

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Source:: MediaCraft