The Training Centre for Foreign Trade and Business was created by the Mongolian National Chamber of Commerce and Industry for fifteen years. Building upon this successful experience, from 2009-2010 academic year, the Foreign Trade and Business Training Centre is becoming the Academy of Foreign Trade. The Academy aims to prepare professionals to successfully compete in the international trade sector. Additionally the Academy of Foreign Trade offers degree entry level courses to managers in collaboration with various international organizations

One-year course consists of three phases

• the first phase: (September-December) is to provide or update the basic knowledge of trainees
• the second phase: (January-March) is to train in the field of techniques of foreign trade
• the third phase: (April-May) is learn the essential methods and knowledge of project evaluation and planning

• the final (May - June): during this stage the trainees must have a practice in a company, prepare a final report on a chosen topic and take the final examinations.

Majors of first phase:

• Basic English
• Microeconomics
• International Economics
• Basics of Marketing
• Computer skills
• Principles of Accounting
• Statistics of Foreign Trade

The major subject in the second phase is Techniques of Foreign Trade, along with a few other followings:

• Business English
• Business Law
• Foreign Trade Contract, Negotiations and International Practice
• Foreign Trade Documentation
• Foreign Trade Financing
• Transportation and Freight Forwarding
• Customs Practice & Law
• Export Pricing and Costing

In the third phase the trainees learn basic methods of the evaluations of business opportunities and working out business tactiques and strategies, their implementation using the knowledge gained in the previous phases.

• Project evaluation methods
• Product and segmented market researches
• Export market research
• "Guest Lecture" on foreign trade and business practice by business practitioners

In the final phase each trainee has to make a study on the selected topic and be involved in the training at chosen enterprise in order to prepare the final report for certificate. They also pass the final examinations on English language proficiency and foreign trade techniques and practice.

TRAINING METHODS AND APPROACH
The traditional and new methods such as lecturing, discussions with explanation and teaching hint, debates, case study, practical work etc. are used in the training process.
During the training, the trainees have an opportunity to use computers of special computer training center and special library at the Academy of Foreign Trade.
There is also an opportunity during the course that the trainees have personal and business relations between themselves and learn from each other.

FACULTY
The faculty consists of specialists of the Mongolian national chamber of commerce and industry and practitioners of business and foreign trade institutions and entities.

ASSESSMENT OF STUDENT'S KNOWLEDGE
After each course the students have to take a written exam. The graduates who pass all exams and maintain the final report successfully are given the Diploma of an Foreign Trade Academy .