The Singapore Business Federation (SBF) has announced a groundbreaking partnership with six major organisations to launch the world’s first generative AI tool dedicated to global trade advisory. The announcement was made during a seminar titled ‘Navigating US Tariff: Adapt and Advance’ held at the Orchard Hotel Singapore, attended by nearly 600 business leaders, policymakers, and trade experts.
The Centre for the Future of Trade and Investment (CFOTI), established by SBF in 2024, has partnered with DBS Bank Ltd, DHL Express (Singapore), Pacific International Lines, PwC Singapore, Rajah & Tann Singapore LLP, and Temasek Foundation. This collaboration aims to enhance regional trade connectivity and develop practical solutions for businesses facing the complexities of the current global trade environment.
A key highlight of the seminar was the introduction of the Trade AI Adviser (TAIA), a generative AI tool designed to simplify complex trade regulations. TAIA provides clear guidance on free trade agreements, tariffs, and compliance requirements, leveraging SBF’s extensive database. This tool is expected to help businesses unlock opportunities and maintain competitiveness.
Deputy Prime Minister Gan Kim Yong, who graced the event, emphasised Singapore’s commitment to strengthening enterprise resilience amidst global tariff shifts. He highlighted ASEAN’s role as a robust hub for production and trade, urging businesses to adapt supply chains and seize regional opportunities.
The seminar also featured a business panel discussion moderated by Chen Ze Ling from DBS Bank, focusing on strategic responses to tariff challenges. The event underscored the importance of collaboration between government and industry to navigate complex trade environments and seize regional opportunities.
SBF Chairman S. S. Teo remarked, “With CFOTI, we are creating an ecosystem where businesses, policymakers, and thought leaders can experiment, exchange ideas, and co-develop solutions.” The initiative aims to position companies for long-term success in the dynamic global trade landscape.
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