FITT (Forum for International Trade Training)

FITT (Forum for International Trade Training)

July 15, 2011 17:11 ET

FITT: International Trade Remains a Keystone in the Growth and Prosperity of the Canadian Economy

New research confirms critical importance of human resources, international trade expertise and training to Canada's global competitiveness

OTTAWA, ONTARIO--(Marketwire - July 15, 2011) - FITT (Forum for International Trade Training) has just released the full pre-assessment report Human Resources: A Vital Driver of Canadian International Trade Capacity and Capability, available along with an Executive Summary at www.fitt.ca/sectorstudy.

The report coupled secondary research with industry engagement to uncover and describe the realities Canadian businesses face in international trade and the resulting human resource challenges that are emerging and shaping the sector's future.

Among the specific findings in the report are nine key drivers in international trade and the human resource implications associated with them. For example, there is a lack of awareness and appreciation for the importance of global trade for Canada's prosperity and only a fraction of Canadian businesses are directly engaged in international trade. Neglect of the awareness of the importance of international trade puts Canadian competitiveness and economic prosperity at risk, yet the return on investment to increased trade is high. The research findings also demonstrate that a highly skilled international business labour force lowers costs to companies as they make fewer mistakes and will act on global opportunities more quickly.

Additional information on this report and its many implications for Canada's international trade sector are available upon request.

This research report was funded by the Government of Canada's Sector Council Program.

About FITT:

FITT equips individuals and businesses with the practical skills they need to succeed in today's competitive global marketplace. An international trade training and professional certification body—and the leading membership-based organization of its kind in the world—FITT sets the standards and designs the training programs for the professional designation, CITP—acknowledged as the highest mark of professionalism in international trade. Centered on international trade best practices and delivered by a broad network of educational partners, FITT's quality training programs impart knowledge and practical skills that trade practitioners can apply immediately—providing competitive advantage and elevating their position in world markets.

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