Singapore legislation

Clause 6

of Trade Development Board (Amendment) Bill

Clause 6

Amendment of section 5

Section 5 of the principal Act is amended —

(a)

by inserting, immediately before paragraph (a), the following paragraphs:“(a)to promote, develop and facilitate the development of a business environment in Singapore that makes Singapore a preferred centre from which Singapore-based enterprises create, develop and expand their businesses in foreign markets;

(b)

to initiate and develop programs or activities for Singapore-based enterprises to promote the creation, development and expansion of foreign markets;

(c)

to assist, improve, enhance and develop the skills, capacity and resources of Singapore-based enterprises in managing international businesses;

(d)

to foster and develop linkages between Singapore-based enterprises conducting business in foreign markets in order to facilitate co-operation, communication and exchange of information between them;

(e)

to develop and strengthen linkages and networks between foreign businesses and Singapore-based enterprises;

(f)

to facilitate access by Singapore-based enterprises to departments of the Government or any public authority where that access is likely to enhance opportunities for the creation, development or expansion of any foreign market for such enterprises;”;

(b)

by re-lettering the existing paragraphs (a) to (g) as paragraphs (g) to (m), respectively; and

(c)

by re-numbering the section as subsection (1) of that section, and by inserting immediately thereafter the following subsections:“(2) In addition to the functions and duties imposed by this section, the Board may undertake such functions as the Minister may assign to it, and in so doing —

(a)

the Board shall be deemed to be fulfilling the purposes of this Act; and

(b)

the provisions of this Act shall apply to the Board in respect of those functions.(3) Nothing in this section shall be construed as imposing on the Board, directly or indirectly, any form of duty or liability enforceable by proceedings before any court to which it would not otherwise be subject.”.