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Report on the importance of education in international trade finance launched

09 April, 2019Heather Tilston
This week (8-12 April) the International Chamber of Commerce (ICC) Banking Commission is holding its annual spring meeting in Beijing. To coincide, in collaboration with the Training Center of China Council for the Promotion of International Trade (CCPIT) and China Chamber of International Commerce (CCOIC), we have published a report on the importance of education in international trade finance.

You can read the report in full in English or Mandarin.

Download the English version     Download the Chinese version

Trade-conference-asiaMr Ling Fengjie, Director, CCPIT Training Centre, commented:

“Against the background of global economic integration and trade digitalisation, international trade and finance rules and regulations have undergone great change. There is, however, little public awareness of how these rules and regulations, anti-globalization, trade protectionism, new technologies, and other factors, challenge the use of traditional trade finance instruments.

“In any organisation, the most important resource is its human capital. It is the mission of educational and training institutions like The London Institute of Banking & Finance and CCPIT Training Centre to help practitioners understand and make good use of international rules and regulations.

“From a global perspective, this report reflects the positive influence of how education in rules and regulations around the world can bolster the development of international trade finance sector. I believe this report can offer guidance for both Chinese and global practitioners. It should provide employers at banks and financial institutions with knowledge of efficient solutions for training their talent and ultimately play a positive role in promoting the development of the international trade finance sector.”

Trade-conference-asia2David Morrish, one of our Directors, commented:
“The continued health and wellbeing of international trade is vital to world prosperity. Frictionless trade may not be a reality everywhere but the support mechanisms are there. Banks provide essential services, including trade finance in all its forms to exporters and importers helping their success. And help is also at hand from a variety of other sources including freight and shipping companies, insurers and so on.

“The International Chamber of Commerce (ICC), created 100 years ago, in promoting international trade facilitated by its global approach to rules and guidelines, regulation and global services, also plays a major contributing role, as do ICC National Committees.

“However, like everything, knowledge is key to success and international trade and finance is no exception. Training is available in a variety of forms from traditional classroom format to on-line course modules; there is something for everyone.
“Alongside many other ICC National Committees the China Council for the Promotion of International Trade (China Chamber of International Commerce) Training Centre (CCPIT Training Centre) is working together with the London Institute of Banking & Finance in providing specific training in trade and trade finance leading to formal qualifications recognised worldwide.”

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