ICC Academy inks deal with CCPIT CSC to promote trade finance certification in China

Singapore, 9 July: The educational arm of the International Chamber of Commerce (ICC), the ICC Academy, has fused yet another partnership with China’s national foreign trade and investment promotion agency, the China Council for the Promotion of International Trade (CCPIT) Commercial Sub Council (CSC). The agreement will promote trade finance certification to universities, polytechnics and colleges across China.

The Memorandum of Understanding (MOU) was signed by ICC Academy General Manager Daniel Kok and CCPIT CSC Chairman Zeng Yafei during a business and international trade competition for university students in Ningbo, Zhejiang from 25 – 28 May 2018.

This partnership marks the third that the two organisations have cemented together within the last year. This time, CCPIT CSC will back the ICC Academy’s flagship trade finance programme, the Global Trade Certification (GTC). The programme—which currently has participants from over 100 countries—aims to build a solid understanding of the nuts and bolts of global trade finance.

Commenting on the collaboration, ICC Academy General Manager Daniel Kok said: “The latest MOU signing ramps up our collaborative efforts to raise educational standards and help close skills gaps, allowing students to have a competitive advantage in the market place. We are delighted with the opportunity to train a dynamic generation of students with our ever-growing product line.

CCPIT CSC representative Nicole Li said: “We value the collaborative and cooperative relationship we have with the ICC Academy. The CCPIT CSC will be focusing on promoting the GTC programme to more universities in China. I believe there are more opportunities for broader collaboration in the near future.”

The four-day CCPIT CSC event was attended by more than 2,000 students and over 190 corporates from China. During the Competition, Mr Kok took the opportunity to award Xiang Yu Chen, a lecturer at Sichuan University of Science and Engineering along with Jin Yong LI and Wei Wei Wang, both lecturers at Chungqing University of Science and Technology, with their Export/Import Certificates (EIC). The EIC curriculum covers a wide range of subjects from international business transactions and contracts to export and import finance and security devices to international logistics, shipping and sourcing.

Having received his certificate, Ms Wang said: “I am glad to have completed the ICC Academy’s EIC programme. The certification has equipped me with practical knowledge on export and import transactions. The lessons within the programme are valuable and important to anyone who has interest in managing an international business.”

The first partnership agreement between the ICC Academy and CCPIT CSC was signed in July 2017. Since then, CCPIT CSC has been working to integrate the ICC Academy’s Export/Import Certificate (EIC) into China’s higher education curriculum. Additionally, another agreement was sealed earlier this year, where CCPIT CSC is helping to incorporate the ICC Code for Ethical Marketing & Advertising (EMA)—a free and innovative e-course on responsible advertising and marketing practices—to tertiary education institutions in China.

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