SBF monitors developments in international trade and geopolitics that have potential impact on Singapore businesses and advocates the interests of Singapore businesses by championing free and open trade and other important issues at international forums and platforms.
SBF represents Singapore on the global stage through participation in the following international business platforms: APEC Business Advisory Council (ABAC), ASEAN Business Advisory Council (ASEAN-BAC), Business20 (B20), International Chamber of Commerce (ICC) and other international platforms.
SBF's international advocacy work and events have been featured in various media outlets.
|November 2022||Council Sees Key Fixes (Bangkok Post)|
|February 2022||Reopening of borders safely will boost Asia-Pacific's recovery: Gan Kim Yong (The Business Times)
Safe border reopening needed to boost economic recovery in Asia-Pacific region: Gan Kim Yong (The Straits Times)
|November 2021||Singapore to host in-person APEC Business Advisory Council meeting in Feb 2022 (The Straits Times)
Singapore to host in-person APEC Business Advisory Council meeting in Feb (The Business Times)
Why It Matters: The role of the business community in the work to reopen borders (Money FM 89.3)
|August 2021||Apec business leaders call for regionally consistent framework for business travel (The Business Times)|
|June 2021||Apec trade ministers pledge to speed up flow of Covid-19 vaccines (The Straits Times)|
|May 2021||Some safe opening of air travel possible this year: Minister (The Straits Times)
Ong Ye Kung: Despite the uncertainties, reopening the border and setting up aviation bubble is crucial to Singapore and Hong Kong (Lianhe Zaobao)
Some safe opening of air travel possible if governments open up to countries with low Covid-19 infection: Ong Ye Kung (The Straits Times)
|February 2021||If countries implement vaccine certification measures, border controls can be relaxed. Ong Ye Kung: Singapore expects to resume some tourism this year (Lianhe Zaobao)
Singapore to lead Asia-Pacific business taskforce on border reopening borders (Singapore Business Review)
SBF works closely with international organisations to produce policy recommendations to government leaders globally in support of free and open trade.
ABAC Report to APEC Economic Leaders 2022
ABAC Report to APEC Ministers Responsible for Trade 2022
ABAC Report to APEC Economic Leaders 2021
SBF is intensifying its efforts to provide the necessary support to Singapore-based companies to grow their business into overseas markets. Part of this initiative is to gather business feedback on cross-border trade and investment challenges that they are facing, with a view to promote their interests at various platforms both domestically and internationally.
If your company has encountered/or is currently encountering any issues and challenges when conducting cross-border trade and/or investing into foreign markets, especially with the increasing trade tensions among countries, we encourage you to contact our International Policy and Engagement Department via the enquiry form. All information will be kept strictly private and confidential.
Established in November 1995 by APEC economic leaders, ABAC is the private-sector arm of the Asia-Pacific Economic Cooperation (APEC) and comprises senior business leaders appointed by their respective Economic Leaders (heads of governments) to serve as its members. The main mandate of ABAC is to advise Leaders, ministers, and officials on issues of interest to business. ABAC typically presents its recommendations to leaders during ABAC's annual year-end dialogue with Leaders and advises APEC officials on business sector priorities and concerns. ABAC meets four times during the year to develop and refine these recommendations.
The Singapore Business Federation (SBF) was appointed by the Ministry of Trade and Industry Singapore to perform the role of the national secretariat for ABAC Singapore.
Inaugurated in April 2003, the ASEAN-BAC is mandated by ASEAN leaders as the official ASEAN linkage to providing private sector feedback and guidance to boost ASEAN’s efforts on economic integration by identifying priority areas for consideration and making policy recommendations to the ASEAN leaders.
SBF was appointed as the national secretariat for ASEAN-BAC (Singapore) by the Ministry of Trade and Industry, to support ASEAN-BAC (Singapore) Council Members' work.
The Business 20 (B20) is the official Group of Twenty (G20) dialogue forum with the global business community.
The B20 aims to deliver concrete, actionable policy recommendations on priorities by each rotating presidency to spur economic growth and development. B20 bases its work on Task Forces (TFs), and Action Councils (ACs) entrusted to develop consensus-based policy recommendations to the G20 and to international organisations and institutions.
SBF works with the business community and government agencies to engage leading industry figures to advocate for the interests of Singapore businesses and provide recommendations to G20 leaders.
Founded in 1919, the International Chamber of Commerce (ICC) is positioned as the world business organisation representing more than 45 million companies in over 100 countries and spanning every private enterprise sector.
SBF is the ICC National Committee in Singapore (ICC Singapore) and works with the relevant commissions and groups in the ICC to advance the interests of Singapore’s businesses in banking, sustainability, and arbitration and dispute resolution issues.
For more information on ICC Singapore, please contact ICC Singapore using our Enquiry Form.
In June 2019, SBF established the ICC Singapore Arbitration Group to promote ICC arbitration and other dispute resolution services in the region. We welcome arbitrators and Singapore's legal profession members to join this Group by submitting the Invite Form here to [email protected].
SBF and ICC Singapore members have access to discounted publications and resources via the ICC Store and the ICC Digital Library. SBF and ICC Singapore members are entitled to 20% off all ICC publications if you input the promo code "ICCSIN_20" upon checkout. Click here to purchase.
The ICC Digital Library delivers easy, 24/7 access to its vast collection of essential reference materials to promote innovative research, learning and more. SBF and ICC Singapore members are entitled 20% off all subscriptions to ICC Digital Library. Click here to enjoy the discount.
For more information, please contact the ICC Singapore team via our enquiry form.
SBF represents the Singapore business community at the Asian Business Summit, an annual conference co-organised by Keidanren (Japan Business Federation) since 2010. The ABS convenes leaders from key national trade associations, chambers of commerce and businesses of Asian economies to discuss issues of common interest for Asian business communities and work out a joint statement to be communicated to international forums, including the APEC Economic Leaders’ Meeting, the East Asia Summit and so on, to push for shared outcomes for the economies of the region.
SBF is an observer member at BIAC to advocate for policies that enable the private sector to pursue economic growth, development, and societal prosperity. BIAC, as an institutional stakeholder and the officially recognised business advisory body to the OECD, has extensively contributed to the development of its major initiatives.
For more information on BIAC's policy work and outreach campaign, please click here.
SBF provides secretariat support to EABC Singapore in representing Singapore’s business interests on trade and economic cooperation between ASEAN and the +3 countries (China, Japan and South Korea).
SBF participates in quarterly EABC meetings and related working group meetings, seminars, roundtable discussions and ministerial dialogues. We work with EABC Singapore representatives via these platforms to continuously provide private sector perspectives and feedback to deepen the economic and investment cooperation in East Asia, and to further our region’s economic growth.
Click here for more details on the EABC, its regional initiatives, calendar of activities, official reports and more.
SBF is a member of the Global Services Coalition (GSC), a coalition of business organisations, advocating for the services sector in their respective countries on matters of international trade and investment and represents their industries internationally. Services, such as financial services, insurance, professional services, information and communications technology, express delivery and logistics, retail services, education services, electronic security services, and energy and environmental services, tourism and transport services lie at the heart of modern, competitive economies.
Established in 1995, the World Trade Organization (WTO) is the only global international organisation dealing with the rules of trade between nations. It comprises 164 member countries, including Singapore.
SBF monitors the developments and the reformation of the WTO to provide feedback and input through WTO’s engagement platforms and WTO-related forums.