Estonia, a bridge between Eastern and Western Europe and a world leader in internet-based infrastructure development, was the ideal venue for the 38th Forum of IATTO (International Association of Trade Training Organisations).The medieval capital Tallinn played host to 28 countries and 240 delegates, taking part in four days of discussion about how international trade works. The focus was on the challenges of global collaboration and how we can learn to manage the education, training and management needs of a shrinking world that wants to trade out of a global recession.
Expanding Trade Needs Trade Professionals
It was interesting to observe the trends in trade development activity and its continuing expansion despite challenging economic times. Global Trade measured USD2 Trillion in 1970, rose to USD6 Trillion in 2000, and reached USD15 Trillion in 2010. The WTO estimates global trade will expand to USD33 Trillion by 2020.
Thomas Smith demonstrated the need for certified trade professionals and how online network driven collaborative learning is the only methodology with real time global reach. Other successful models from the International Trade Center (ITC) of the United Nations and the University of Ottowa were also explored and discussed.
The participants had the chance to experience first hand interactive learner driven training from eBSI.
Given the projected growth in world trade between now and 2020 Thomas outlined the need for ‘know-how, expertise and do-how!’ to succeed in international trade and finance.