The Institute of Foreign Economy and Trade, SIFT, was established, with approval of the then Ministry of Foreign Trade and Economic Cooperation (MOFTEC), on the 24th of October 1984 and subsequently renamed as Institute of International Business (IIB) in 1996. IIB is a distinguished academic entity with a variety of academic resources; it plays a crucial role in obtaining membership of the Research Center of Shanghai Municipal Government and acts as an executive council membership for the Shanghai Association of International Trade, the Shanghai Foreign Cultural Exchange Association and the Shanghai Association for American Studies.
In 1986, the Shanghai Communication Center for the General Agreement on Tariffs and Trade was established.
In 1987, SIFET held a conference, commissioned by the Center for the Economic and Technological Development of the State Council, on China and the General Agreement on Tariffs and Trade.
In 1991, SIFET held the Conference on Uruguay Round of Multi-lateral Trade Negotiation and its Relationship with China’s Foreign Trade.
In 1997, IIB held an international conference which was attended by the delegation of senior officials headed by WTO Secretary-General Renato Ruggiero, who delivered a keynote speech..
In 1999, IIB made a proposal for the acceleration of negotiations for WTO entry; the proposal took the form of a petition which was signed by a group of 20 academic scholars, and then submitted for the consideration of the Central Committee of the Communist Party of China.
In 2006, Professor John H. Jackson from Georgetown University, known as the founding father of GATT, paid a visit to IIB and delivered an academic speech entitled as “The Status Quo and the Reform of WTO Dispute Settlement Mechanisms”.
In September 2007, Wang Xinkui, President of SIFT and the Dean of IIB, delivered a lecture entitled “Expanding, Opening-up and Maintaining State Economic Security”, which put forward several constructive suggestions and recommendations at the 44th Collective Study Conference of Chinese Communist Party, Central Political Bureau chaired by President Hu Jintao.
In May 2008, IIB in collaboration with the Research Center of Shanghai Municipal Government, co-organised the first forum on ‘The Construction and Development of the Center of Shanghai International Trade’.?
In October 2009, IIB established the Shanghai Municipal Social Science Innovation Research Center as well as the Workshop of Shanghai Development Strategy Research, commissioned and overseen by the Shanghai Planning Office of Philosophy and Social Science and the Development Research Center of Shanghai Municipal Government.
Biography of a succession of Chairmen of IIB
Professor Wang Yaotian (1984-1994): the late well-known economist