BritCham signs TAC Compact with SBF, aiming to unify Singapore-based Associations and Chambers in an alliance

Presidents representing the 31 TACs in Singapore alongside Prime Minister Lee Hsien Loong, Minister for Trade & Industry (Industry) Mr S Iswaran and distinguished guests

Published 6th September 2017


The British Chamber joined 30 Singapore trade associations and Chambers (TACs) this week in signing a charter with the Singapore Business Federation (SBF) committing us to work together as strategic partners and collaborators to further the interests of SBF members and facilitate the growth of the business community in Singapore. The mixture of Singaporean trade associations and international Chambers, whose Executive Directors and CEOs meet on a regular basis to share best practice and work as a community, were represented yesterday by their respective Presidents at the signing of the TAC Compact. 


At the official opening ceremony of the new SBF Center, attended by Prime Minister Lee Hsien Loong, Minister for Trade and Industry (Industry) Mr S Iswaran, Minister in Prime Minister’s Office and Secretary-General of the National Trades Union Congress Mr Chan Chun Sing, Senior Ministers of State for Trade and Industry Ms Sim Ann and Dr Koh Poh Koon, and Senior Parliamentary Secretary Ms Low Yen Ling, SBF Chairman Mr SS Teo said:  


“We recognise that business issues will become increasingly complex in the future and may stretch our ability to deal with them as an individual TAC. Amid the challenging business landscape, it is time that the business community comes together to help each other in a more collaborative manner, and work with Government to co-create solutions to enhance Singapore’s economic value and prosperity.”


The charter aims to achieve the following overall objectives:


  • By working together, we can be an even stronger enabler for the business community, recognising that business issues will increase in complexity
  • By combining rsources and reducing duplication of services and activities, we will achieve better outcomes for SBF and TAC members, utilising the strengths and expertise of the various TACs
  • Sharing of best practice and experiences as learning points
  • Areas of collaboration to include research, advocacy, internalisation efforts, training among others


The alliance members include:


  • British Chamber of Commerce Singapore
  • Association of Small & Medium Enterprises
  • China Enterprises Association (Singapore)
  • European Chamber of Commerce (Singapore)
  • Global Compact Network Singapore
  • Japanese Chamber of Commerce & Industry Singapore
  • Latin America Chamber of Commerce
  • New Zealand Chamber of Commerce (Singapore)
  • Real Estate Developers' Association of Singapore
  • Restaurant Association of Singapore
  • Singapore Business Federation
  • Singapore Chinese Chamber of Commerce & Industry
  • Singapore Furniture Industries Council
  • Singapore-German Chamber of Industry & Commerce
  • Singapore Hotel Association
  • Singapore Indian Chamber of Commerce & Industry
  • Singapore Infocomm Technology Federation
  • Singapore International Chamber of Commerce
  • Singapore Malay Chamber of Commerce
  • Singapore Manufacturing Federation
  • Singapore National Employers Federation
  • Singapore Retailers Association
  • Singapore Shipping Association
  • American Chamber of Commerce in Singapore
  • The Association of Banks in Singapore
  • Australian Chamber of Commerce, Singapore
  • Canadian Chamber of Commerce in Singapore
  • French Chamber of Commerce in Singapore
  • Korean Chamber of Commerce in Singapore
  • Singapore Contractors Association
  • Vietnam Chamber of Commerce in Singapore


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