Changes in world trade patterns and in what the government viewed as an increasingly protectionist international trade environment prompted the establishment of the Trade Development Board in 1983 as a national trade promotion agency. Based on the recommendations of specialists, the board formulated policies reflecting the needs of traders in general, as well as the specific needs of particular trade sectors. Initial areas of focus were trade facilitation of electronics, printing and publishing, textiles, and timber products. The Trade Development Board reviewed existing marketing policies, strategies, and techniques and explored new opportunities in both traditional and nontraditional markets. The board assisted both local and foreign companies interested in using Singapore as a base for such trading activities as warehousing and distribution. The Trade Development Board also helped Singapore companies market their products by assisting them in improving their product designs.

Data as of December 1989

NOTE: The information regarding Singapore on this page is re-published from The Library of Congress Country Studies and the CIA World Factbook. No claims are made regarding the accuracy of Singapore Trade Development Board information contained here. All suggestions for corrections of any errors about Singapore Trade Development Board should be addressed to the Library of Congress and the CIA.