A new framework has been introduced in Singapore to help trade associations improve governance and capabilities. It aims to support stronger business ecosystems and better services for SMEs.
On Thursday, 9 April 2026, Enterprise Singapore announced the launch of the Trade Association and Chambers (TAC) Measurement Framework (TMF) at the TAC Summit 2026 in Singapore. The initiative was introduced by Low Yen Ling, Senior Minister of State for Trade and Industry.
The new framework is designed to help Trade Associations and Chambers (TACs) assess their organisational capabilities in a structured and comprehensive way. It was developed with the support of more than 60 TACs and PwC Singapore.
The TMF includes a self-assessment tool and a guidebook. These tools allow TACs to evaluate their performance across seven key areas: governance, leadership, people and organisational change, financial stability, industry standing and track record, value proposition, and technology. After completing the assessment, TACs will receive an overview to identify strengths and areas for improvement.
According to Joanne Tan, TACs play an important role in supporting small and medium enterprises (SMEs) and driving industry development. She noted that as TAC roles become more complex, the new framework provides a clearer way to improve organisational performance.
Industry leaders have welcomed the initiative. Ang Yuit, President of the Association of Small and Medium Enterprises, said the framework will help organisations operate more effectively and better support their members.
To further support development, TACs can access programmes offered by organisations such as the Singapore Business Federation and the Singapore Chinese Chamber of Commerce and Industry. These programmes focus on leadership, governance, digitalisation, and advisory services.
The refreshed TAC Alliance, co-chaired by Enterprise Singapore and the Singapore Business Federation, will continue to support capability building efforts in line with the new framework.
The TMF is expected to strengthen Singapore’s business ecosystem by improving the performance and effectiveness of TACs, helping them better serve their industries and members.
Source: Enterprise Singapore
