Singapore South Asia Chamber Commence and Industry Limited (SSACCI) and The Global Chamber of Commerce & Industry (GCCI) Form Strategic Partnership for International Collaboration

 

Singapore, January 27, 2024 – In a landmark agreement, Singapore South Asia Chamber Commence and Industry Limited (SSACCI) and The Global Chamber of Commerce & Industry (GCCI) have entered into a Memorandum of Understanding (MoU) to foster collaboration and mutual benefit for their respective members.

 

The MoU, signed on January 27, 2024, solidifies the commitment of SSACCI and GCCI to work together across various sectors, promoting business opportunities, trade, and investments between their members in South Asia, Singapore, and the United States.

 

Key points of collaboration outlined in the MoU include:

  1. Business Facilitation: SSACCI and GCCI will collaborate to facilitate business opportunities, trade, and investments, enhancing economic ties and opening new avenues for businesses in their respective regions.

 

  1. Market Access and Expansion: The Parties will assist businesses in accessing and expanding their operations in South Asia, Singapore, and the United States, providing a platform for global market growth.

 

  1. Capacity Building: SSACCI and GCCI will exchange expertise and resources to support the capacity building of their members, ensuring they are well-equipped for success in the international market.

 

  1. Knowledge Sharing: The Parties will engage in the exchange of information, research, and insights on market trends, regulatory changes, and business opportunities, fostering an environment of continuous learning and adaptability.

 

  1. Advocacy and Representation: SSACCI and GCCI will jointly advocate for policies that promote bilateral trade and economic cooperation, working towards creating a favorable business environment.

 

  1. Membership and Partnership Exchange: The Parties will explore opportunities for collaboration between their respective membership networks, including corporate members, educational institutions, individual members, trade associations, and other stakeholders, creating a global network of opportunities.

 

Confidentiality, mutual assistance in setting up representative offices, a five-year duration, and provisions for amendments through written agreements are also part of this comprehensive collaboration.

Singapore South Asia Chamber Commence and Industry Limited (SSACCI) and The Global Chamber of Commerce & Industry (GCCI) Form Strategic Partnership for International Collaboration
MoU Signed between GCCI & SSACCI

Dr. Chinnu Palanivelu, Chairman of SSACCI, expressed excitement about the partnership, stating, “This strategic collaboration with GCCI signifies a step towards global business integration. We look forward to fostering mutually beneficial relationships for our members.”

 

Md. Joynal Abdin, CEO of GCCI, echoed these sentiments, saying, “We believe that by joining forces with SSACCI, we can create synergies that will contribute to the growth and success of 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, at SRC, Singapore.

 

This collaboration between SSACCI and GCCI is poised to strengthen international business ties, opening new opportunities and avenues for growth for businesses associated with both institutions.

 

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 GCCI

The Global Chamber of Commerce & Industry (GCCI) is a prominent international business organization dedicated to fostering global trade and economic growth. Headquartered in New York, USA, GCCI serves as a bridge for businesses to access international markets and opportunities. To know more please browse to https://theglobalchamber.org/

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