TRADE & INDUSTRY ASSOCIATION (SINGAPORE)
Inspiring Leaders of Tomorrow
Welcome to Trade & Industry Association (Singapore)
A key pillar in its economy even centuries before Singapore was founded in 1819, over the years trade gradually diversified into various sectors like manufacturing and financial services. Especially after Singapore was transformed into an Entrepot for the regional and eventually the global trade. With its economic stature outdistancing its geographic size and resources many times over, World Trade Organization now ranks Singapore as the 16th largest trading nation in the world,with Singapore’s trade 2.7 times its GDP.
Factors popularizing Singapore's attractiveness
(1) Under its Most Open trading policies in the world, most goods and services are imported into the country and exported out, duty and hassle-free. But subjected to a few restrictions, of course,due to environmental, health & public safety concerns.
(2) A paperless electronic trade management platform ensuring a quick and seamless information exchange at all levels within the trading community.
(3) Stable socio-political and economic stability, together with Singapore's infrastructural excellence and lack of red tape guaranteeing an efficient and rapid movement of goods.
(4) Singapore's strategic location along the corridor connecting east and west providing easy access to supply sources and markets.
(5) Singapore is gifted with one of the world’s busiest ports and an award-winning international airport. Some 84 international airlines connect Singapore to over 180 cities in 57 countries worldwide. Its sea port, with an annual average of 140,000 vessel calls, has some 200 shipping lines linking more than 600 ports in over 120 countries worldwide.
(6) Singapore is also home to most of the international logistics service providers. The ever-expanding network of Free Trade Agreements (FTAs) eliminate barriers to trade allowing a smoother flow of goods and services and movement of people into and out of the country.
(7) As the region's financial nerve center,Singapore with its comprehensive network of financial institutions provides a range of services like trade insurance and trade financing. Under its straightforward regulatory framework governing trading activities, its rules for starting and conducting a trading business locally.
The Asia-Pacific Conference on Financing for Inclusive and Sustainable Development
ESCAP, in partnerships with the International Chamber of Commerce-Bangladesh (ICC Bangladesh) and the Asian Development Bank (ADB) under the patronage of the Government of Bangladesh will hold the Asia-Pacific Conference on Financing for Inclusive and Sustainable Development” at InterContinental Hotel in Dhaka on 10-12 December 2019. The national chapter of ICC in Bangladesh will also celebrate its 25th anniversary and ICC Centennial at the conference.
The conference will bring together policymakers, private business and financial sector, international organizations, civil society organizations and other relevant stakeholders. This meeting will include over 800 participants from throughout Asia and the Pacific and other regions. Other key partners apart from the above co-organizers will include the Alliance of Financial Inclusion (AFI), the Asian Development Bank Institute (ADBI), the Asian Infrastructure Investment Bank (AIIB), the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP), the United Nations Capital Development Fund (UNCDF), the United Nations Conference on Trade and Development (UNCTAD), Trade & Industry Association Singapore (TIAS), the United Nations Global Compact (UNGC), the World Bank/International Finance Cooperation (IFC), the World Trade Organization (WTO) and other relevant agencies. The ESCAP Sustainable Business Network (ESBN) and its Task Forces on Banking and Finance as well as Climate and Disaster Risk Reduction will provide critical inputs to the conference.
The government participants will come mostly from Ministries of Finance, Planning, SDG/Climate Change Commissions, securities and exchange commissions, and public financial institutions.
Doing Business in Singapore
All business entities importing and exporting in Singapore should first be registered with the Accounting and Corporate Regulatory Authority (ACRA). Following which, the business/company will be given a Business Registration Number which is also its Unique Entity Number
Why Invest in Singapore
Since 1965, Singapore joined the ranks of free world countries leading up to a present day world-class city, bustling port, and prosperous economy. Not only is she established as a first world country, Singapore remains a strong foothold with her stable economy and cosmopolitan
International trading gives rise to globalisation. While every country is valued for different resources - global trade allows the use of commodities and increases consumer exposure to resources of the world. From Swiss Alps water to French wine, New Zealand honey to Thai rice
E - Resources
Singapore Business Federation Singapore Chinese Chamber of Commerce and Industry Singapore Manufacturers' Federation Singapore Indian Chamber of Commerce and Industry Association of Small and Medium Enterprises