The foreign trade area is 342,035 square meters. According to relevant information, the International Business School covers an area of 342,035 square meters, with a school building area of 456,766.55 square meters. The Institute of International Business and Economics, formerly known as Shanghai Institute of Foreign Trade, was founded in 1960. 1September 1994, the school was placed under the management of the Shanghai Municipal People's Government by the former Ministry of Foreign Trade and Economic Cooperation. On April 20 13, with the approval of the Ministry of Education, the school was renamed university of international business and economics.