Singapore launches two initiatives to strengthen TAC capability

New framework and director badge target governance gaps.

Singapore has introduced two new initiatives to strengthen capability building and governance across Trade Associations and Chambers (TACs), as the sector takes on a bigger role in supporting businesses in a more volatile operating environment.

The first is a TAC Measurement Framework developed by Enterprise Singapore, which will let TACs carry out a structured self-assessment of their capabilities across functions and organisational practices.

The second is a Qualified TAC (QTAC) Director Badge, developed with the Singapore Institute of Directors, to recognise TAC leaders who have completed governance training.

Both initiatives were introduced at TAC Summit 2026, where more than 200 TAC and industry leaders gathered.

Senior Minister of State for Trade and Industry and Ministry of Culture, Community and Youth Low Yen Ling also launched TAC Alliance 2.0, a refreshed platform aimed at deepening TAC capabilities, strengthening coordination across TACs, and driving economy-wide transformation.

A steering committee co-chaired by Singapore Business Federation Chairman Teo Siong Seng and EnterpriseSG Chairman Lee Chuan Teck will oversee the alliance.

The measures come as a Singapore Business Federation survey showed that international expansion momentum amongst businesses moderated to 47% in 2025 from 59% in 2024, with firms citing uncertainty of demand in overseas markets, rising expansion costs, and more complex operating conditions as key concerns.

The survey also found 40% of firms remained local because of capacity and risk constraints, pointing to a larger role for TACs in market advisories, joint business missions and trade fair participation.

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