The Bayerische Akademie für Außenwirtschaft e. V. (BAA), [Bavarian Academy for Foreign Trade] headquartered in Munich, was founded in 1989 as a private university of cooperative education and state-approved vocational school for training highly qualified young professional and managerial staff for the international professional world. The Bayerische Akademie is a UNESCO ASPNet. There is an administrative cooperation of the Bavarian Academy for Foreign Trade and the Didact Kfm. Training Company based in Munich, Elsenheimerstraße.