The Indian Institute of Foreign Trade (IIFT) has signed a Memorandum of Understanding (MoU) with the Antwerp/Flanders Port Training Center (APEC) in Belgium. This partnership aims to enhance academic collaboration in trade, logistics, and supply chain management while fostering knowledge exchange between India and Belgium.
Strengthening India-Belgium Trade Education Ties
This agreement reinforces the longstanding trade relationship between India and Belgium by facilitating faculty and student exchanges for international business learning. Through this initiative, IIFT and APEC will provide specialized training programs, industry workshops, and collaborative research on port management and trade facilitation. These efforts will equip students with practical knowledge and real-world exposure to global trade operations.
Fostering Research in Port Management and Logistics
Under the MoU, both institutions will collaborate on joint research in key areas such as port management, global logistics, and supply chain efficiencies. Researchers will examine strategies to optimize customs regulations, improve e-governance in trade, and implement digital solutions for enhanced efficiency. Additionally, industry interactions and hands-on training will provide students with a comprehensive understanding of global trade dynamics.
Specialized Training Programs for Future Trade Leaders
The agreement outlines plans for developing training modules that focus on modern trade challenges, digitalization, and automation in logistics. Students will receive guidance on cutting-edge business technologies and supply chain innovations, helping them stay ahead in the rapidly evolving trade ecosystem. These programs will enhance their skills, making them more competitive in the international business landscape.
Minister Highlights the Importance of Global Collaboration
Minister of State for Commerce & Industry, Shri Jitin Prasada, emphasized the significance of global partnerships in strengthening India’s trade education framework. He noted that the MoU would provide future business leaders with world-class training and exposure to best practices in global trade. The initiative aligns with India’s broader goal of enhancing trade competitiveness through education and innovation.
Antwerp’s Strategic Importance in Global Trade
Belgian officials have praised the collaboration, recognizing Antwerp’s strategic location as a major gateway for international trade and economic connectivity. The Port of Antwerp, one of Europe’s largest trade hubs, plays a crucial role in facilitating global commerce. By leveraging its expertise, students from IIFT will gain valuable insights into logistics operations, customs procedures, and trade regulations.
Building on a Strong Partnership Since 2019
The partnership between IIFT and the Port of Antwerp is not new. In 2019, 206 IIFT students visited the port for firsthand learning experiences. They explored supply chain operations, engaged with industry experts, and observed port activities that drive international trade. This MoU builds on that foundation and further expands academic-industry collaboration.
Commitment to Future Growth and Knowledge Exchange
Both institutions remain committed to executing the objectives outlined in the MoU. Their focus will be on building a strong framework for long-term cooperation in trade education. By working together, IIFT and APEC will shape the next generation of trade professionals. Ensuring they have the knowledge and skills required to navigate the complexities of global business.
This collaboration marks a significant step in strengthening India’s trade education system. While fostering deeper ties between Indian and Belgian trade institutions. With continued efforts, this partnership will play a vital role in shaping the future of international trade education.
