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 1984, the Shanghai Institute of Foreign Economy and Trade
(SIFET) was founded; Professor Wang Yaotian, the late economist, was appointed as the founding chair of
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
In 1996, SIFET was renamed as IIB and held the International
Conference on China and General Agreement on Tariffs and Trade
which was sponsored by the World Bank.
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
In 2001, IIB collaborated with the Konrad-Adenauer Foundation to
co-organise the First SIFT-KAS Annual WTO Forum
In March 2004, Professor Wang Xinkui, President of SIFT and the
dean of IIB, received a delegation led by Max Baucus, the Chairman
of the US. Senate Finance Committee.
In 2005, Professor Wang Xinkui, President of SIFT and the Dean of
IIB, received a delegation led by WTO Secretary-General Supachai
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 2006, a delegation led by Ambassador Karan K. Bhatia, the Deputy
US Trade Representative, paid a visit to IIB where the Ambassador
delivered a speech..
In September 2006, Wang Xinkui, President of SIFT and the Dean of
IIB, met with WTO Director-General Lami.
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 November 2007, IIB was approved and accredited as a key
University Research Institute for Humanities and Social Sciences by
the Shanghai Municipal Education Committee.
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
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
Biography of a succession of Chairmen of IIB
Professor Wang Yaotian (1984-1994): the late well-known economist