New hub in Jurong to support development of trade associations and chambers: MTI

Trade associations and chambers (TACs) will soon be housed under one roof with the setting up of a hub, the Trade Association Hub, at the former Jurong Town Hall, Minister of State for Trade and Industry Teo Ser Luck said on Monday (Mar 9).

This is aimed at supporting the development of TACs, so that they can in turn help the small and medium enterprises (SMEs) in their restructuring journey.

Mr Teo said the Trade Association Hub can benefit TACs in three ways: Firstly, the hub can facilitate greater collaboration amongst TACs and companies across different industries in areas such as skills upgrading and business co-creation.

“Secondly, smaller TACs will be able to leverage on large TACs which can provide expertise in secretariat support and organisation needs. Thirdly, TACs can also reduce operating costs and optimise resources through the sharing of facilities and amenities,” he said during the Ministry of Trade and Industry’s Committee of Supply debate.

“Ultimately, TAC members will benefit from the broader range of programmes which will be made available to them.”

Source : Channel NewsAsia – 9 Mar 2015

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