SSACCI and TIB Forge Strategic Partnership
SSACCI and TIB Forge Strategic Partnership
Singapore, January 27, 2024 – In a historic move, Singapore South Asia Chamber Commence and Industry Limited (SSACCI) and Trade & Investment Bangladesh (TIB) have formalized a Memorandum of Understanding (MoU) to strengthen economic ties and foster collaboration between their respective members.
The MoU, signed at Singapore Recreation Club (SRC) on January 27, 2024, outlines the key areas of cooperation that will contribute to mutual growth and prosperity for businesses in South Asia and Singapore. The agreement encompasses a wide range of collaborative efforts, including business facilitation, market access and expansion, capacity building, knowledge sharing, advocacy, and representation.
Key highlights of the SSACCI and TIB Forge Strategic Partnership:
- Business Facilitation: SSACCI and TIB will collaborate to facilitate business opportunities, trade, and investments between their respective members, fostering a more interconnected business landscape.
- Market Access and Expansion: The Parties will work together to assist businesses in accessing and expanding their operations in South Asia and Singapore, opening new avenues for growth and development.
- Capacity Building: SSACCI will provide expertise and resources for the capacity building of TIB members, and vice versa, enhancing the capabilities of businesses associated with both institutions.
- Knowledge Sharing: SSACCI and TIB will exchange information, research, and insights on market trends, regulatory changes, and business opportunities, ensuring members stay informed and adaptable in their respective markets.
- Advocacy and Representation: The Parties will jointly advocate for policies that promote bilateral trade and economic cooperation, creating a conducive environment for business growth.
- Membership and Partnership Exchange: SSACCI and TIB will explore opportunities for collaboration between their respective membership networks, fostering stronger ties among corporate members, educational institutions, individual members, trade associations, and other stakeholders.
This landmark agreement also includes provisions for confidentiality, mutual assistance in setting up representative offices, a five-year duration, and a commitment to amendments through written agreements.
Dr. Chinnu Palanivelu, Chairman of SSACCI, expressed enthusiasm about the partnership, stating, “This collaboration signifies a significant step towards strengthening economic ties between Singapore and Bangladesh. By combining our resources and expertise, we aim to create a platform for sustainable growth and development for our members.”
Md. Joynal Abdin, Founder and CEO of TIB, echoed these sentiments, emphasizing the potential for the collaboration to “facilitate trade and investment, creating a win-win situation for businesses in both regions.”
The MoU was signed in the presence of witnesses Ms. Deepalakshmi Ravichandran, Board member of SSACCI, and Mr. Md. Mainul Islam, Proprietor of Abdullah Enterprise, Bangladesh.
The collaboration is poised to make a positive impact on the economic landscape of South Asia and Singapore, fostering increased collaboration and growth opportunities for businesses associated with SSACCI and TIB.
For media inquiries, please contact:
Md. Joynal Abdin, Founder & CEO, Trade & Investment Bangladesh, Email: ceo@tradeandinvestmentbangladesh.com WhatsApp: +880 1553 676767
About SSACCI
Singapore South Asia Chamber Commence and Industry Limited (SSACCI) is a dynamic business chamber committed to promoting economic cooperation and collaboration between Singapore and South Asian countries. With a focus on facilitating trade, investments, and partnerships, SSACCI plays a pivotal role in fostering sustainable economic growth in the region. To know more please browse to https://ssacci.org/
About TIB
Trade & Investment Bangladesh (TIB) is a prominent business consultancy & digital marketing agency dedicated to promoting trade and investment opportunities in Bangladesh. With a mission to enhance economic development and create a conducive business environment, TIB collaborates with national and international partners to facilitate business growth and expansion. To know more please browse to https://tradeandinvestmentbangladesh.com/