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IIFT signs MoU with APEC to strengthen Trade and Logistics Education

Published: Mar 05, 2025

By TIOLCorplaws News Service

NEW DELHI, MAR 05, 2025: THE Indian Institute of Foreign Trade (IIFT) has signed a Memorandum of Understanding (MoU) with APEC - Antwerp/Flanders Port Training Center, Belgium, marking a significant step towards enhancing academic collaboration and knowledge exchange in the fields of international trade, logistics, and supply chain management.

The MoU aims to strengthen trade education and training ties between India and Belgium by facilitating faculty and student exchanges for cross-cultural business learning. It includes joint research on port management, global logistics, and trade facilitation, along with specialized training programs, workshops, and industry interactions. Additionally, the collaboration will enhance knowledge transfer in critical areas such as e-governance, digital trade, and emerging business technologies.

Addressing the gathering, Minister of State for Commerce & Industry,  Jitin Prasada underscored the importance of international partnerships in strengthening India's trade ecosystem. "India and Belgium have shared strong trade ties for decades. This MoU will further build on our cooperation, ensuring that our future business leaders are equipped with world-class training and insights into global trade practices."

The dignitaries from Belgium lauded the initiative, acknowledging the role of such collaborations in strengthening global trade networks. His Excellency Matthias Diependaele remarked that the people of India are making the right choices by choosing democracy, the rule of law, and partnership. He also highlighted Antwerp's strategic location, noting that it serves as a vital gateway to Europe, facilitating trade and economic connectivity on a global scale. They expressed optimism about the positive impact this partnership will have on trade education and policy development.

Commerce Secretary Sunil Barthwal expressed his happiness over the signing of the MoU and reaffirmed India's commitment to becoming globally competitive in international trade logistics through IIFT's new initiative in collaborative research and training with APEC.

Following the MoU signing, a roundtable discussion was held between the Minister-President of Belgium and IIFT alumni who had previously visited Flanders, sharing their experiences and key takeaways from the program.

The MoU was signed in the presence of esteemed dignitaries, including Jitin Prasada, Minister of State for Commerce & Industry; Additional Secretary, Ministry of Commerce & Industry - Ajay Bhadoo; the Belgian delegation - His Excellency Matthias Diependaele, Minister-President of the Flemish Government and Flemish Minister of Economy, Innovation, and Industry, Foreign Affairs, Digitalisation, and Facility Management; Mr. Jacques Vandermeiren, CEO of Port of Antwerp-Bruges; Mr. Dirk De Fauw, President of Port of Antwerp-Bruges International and Mr. Kristof Waterschoot, Managing Director of Port of Antwerp-Bruges International.

From IIFT, the event was graced by Prof. Rakesh Mohan Joshi, Vice Chancellor, IIFT, along with senior faculty members and distinguished alumni who have previously benefited from exposure to the Port of Antwerp.

Speaking at the event, Prof. Rakesh Mohan Joshi, Vice Chancellor, IIFT, emphasized the importance of this partnership in providing IIFT students with practical exposure to global trade and logistics operations. "This collaboration will not only enhance our students' understanding of port operations and global supply chain mechanisms but also create opportunities for joint research, training programs, and faculty exchanges," he said. He reiterated IIFT's commitment to offering world-class education with practical insights into international trade and logistics.

Mr. Kristof Waterschoot, Managing Director of Port of Antwerp-Bruges International, highlighted the longstanding relationship between Port of Antwerp and IIFT, stating, "This MoU will further solidify our efforts in capacity building and knowledge-sharing in trade facilitation."

This collaboration builds on the longstanding relationship between IIFT and the Port of Antwerp, which began in 2019 with 206 students from the institute visiting the port for firsthand learning. As an integral part of IIFT's curriculum, port visits have enriched students' understanding of supply chain efficiencies, customs regulations, and global trade operations.

The event concluded with a commitment from both institutions to implement the objectives outlined in the MoU and work towards building a robust framework for academic and industry collaborations in international trade.

About IIFT: Established in 1963 as an autonomous body under the Ministry of Commerce, the Indian Institute of Foreign Trade (IIFT) has gained Deemed University status and is one of the premier business institutions in India, focusing on Foreign Trade. It is highly regarded as an academic center of excellence in international business research, training, and education.

About APEC - Antwerp/Flanders Port Training Center: APEC is a leading training institute affiliated with the Port of Antwerp-Bruges, providing specialized programs in port management, trade facilitation, and logistics, contributing to global capacity building in the maritime and trade sectors.

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