The Indian Institute of Foreign Trade has signed a Memorandum of Understanding with APEC – Antwerp/Flanders Port Training Center, Belgium to improve trade education and logistics training.
The partnership aims to foster academic collaboration, knowledge exchange, and e-governance. Minister of State for Commerce & Industry Shri Jitin Prasada emphasized the importance of global partnerships in enhancing India’s trade competitiveness.
Commerce Secretary Shri Sunil Barthwal expressed optimism about the MoU’s potential to boost India’s global competitiveness in trade logistics through IIFT’s collaboration with APEC.
IIFT and the Port of Antwerp have partnered to enhance supply chain efficiencies and customs regulations. The MoU aims to strengthen India’s trade education ecosystem and prepare future professionals for supply chain management and logistics, as India continues to be a key player in global trade.
The Indian Institute of Foreign Trade (IIFT) has entered into a Memorandum of Understanding (MoU) with the Antwerp/Flanders Port Training Center (APEC) in Belgium, aiming to enhance academic collaboration and knowledge exchange in international trade, logistics, and supply chain management.
Objectives of the MoU
The partnership seeks to strengthen trade education and training ties between India and Belgium through various initiatives:
- Faculty and Student Exchanges: Facilitating cross-cultural business learning by enabling exchanges between faculty and students of both institutions.
- Joint Research: Collaborating on research projects focusing on port management, global logistics, and trade facilitation to address contemporary challenges in these fields.
- Specialized Training Programs: Developing and conducting training programs, workshops.
- and industry interactions to provide practical insights into international trade and logistics.
- Knowledge Transfer: Enhancing knowledge in critical areas such as e-governance, digital trade, and emerging business technologies to keep pace with evolving industry trends.
Significance of the Collaboration
This MoU represents a strategic effort to bridge the gap between academia and industry, ensuring that future business leaders are equipped with world-class training and insights into global trade practices. By integrating academic rigor with practical experience, the collaboration aims to produce professionals capable of navigating the complexities of international trade and logistics.
Statements from Dignitaries
Minister of State for Commerce & Industry, Shri Jitin Prasada, emphasized the importance of international partnerships in strengthening India’s trade ecosystem. He stated that the MoU would empower future business leaders with world-class training and insights into global trade practices, further strengthening India’s trade ties with Belgium.
His Excellency Matthias Diependaele, Minister-President of the Flemish Government, commended the initiative, underscoring Antwerp’s strategic role as a gateway to Europe. He emphasized the shared values of democracy, the rule of law, and economic cooperation between India and Belgium.
Commerce Secretary Shri Sunil Barthwal expressed optimism about the MoU’s potential to enhance India’s global competitiveness in trade logistics through IIFT’s collaborative efforts with APEC.
About IIFT and APEC
IIFT is a premier institution in India, specializing in international trade and business education, contributing significantly to policy research and skill development in the trade sector.
APEC, affiliated with the Port of Antwerp-Bruges, is a leading training institute providing specialized programs in port management, trade facilitation, and logistics, contributing to global capacity building in the maritime and trade sector.
The MoU between IIFT and APEC marks a significant milestone in international academic collaboration, aiming to enhance the quality of trade and logistics education. By leveraging the strengths of both institutions, the partnership aspires to develop a cadre of professionals well-versed in the nuances of global trade, thereby contributing to the economic growth and development of both regions.
Group Media Publication
Construction, Infrastructure and Mining
General News Platforms – IHTLive.com
Entertainment News Platforms – https://anyflix.in/
Legal and Laws News Platforms – https://legalmatters.in/
Podcast Platforms – https://anyfm.in/