Launching of its accredited commercial Africa-China Agent (ACAP) in Maputo this week by Standard Bank is expected to facilitate business between Mozambique and China. The facility is mandated to support business community in evaluating and establishing contacts and communication with Chinese suppliers and sellers. The process is expected to monitor efficiently the imports of quality goods and services from China.
 To implement this initiative, Standard Bank has entered into a partnership with the Industrial and Commercial Bank of China (ICBC). The ICBC will support transactions, through a letter of credit issued by Standard Bank, giving importers sufficient time to receive and sell goods before making the payment. Chinese exports to Mozambique is expected to touch U$2 billion this year.
 Speaking at the launching ceremony, Mr.Tanuja Viriato, Standard Bank Africa-China Banking customer manager said that the objective is to create a broad ecosystem of services, solutions and support so that Mozambique and China can exploit the vast opportunities for trade, development and growth  for mutual benefit. The It also provides a window for domestic investors to sell their products in China, as Standard Bank plans to introduce a parallel export credit line.
