Functions of Board
5.—(1)  The functions of the Board are —
(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;
(g)to promote, assist and develop trade and the provision of technical and consultancy services to persons overseas;
(h)to organise and participate in any trade exhibition, trade fair and trade mission;
(i)to represent Singapore internationally in respect of matters relating to trade;
(j)to promote, facilitate and assist in the development and improvement of shipping and warehousing facilities and other related services;
(k)to advise and assist the Government or any public authority on matters affecting or in any way connected with the development or regulation of trade, including commodity trade and industry, and to act as agent for the Government or for any person, body or organisation on such matters;
[Act 8 of 2017 wef 10/04/2017]
(l)to regulate the rubber trade and industry;
[Act 8 of 2017 wef 10/04/2017]
(la)to regulate spot commodity trading;
[Act 8 of 2017 wef 10/04/2017]
(lb)to promote and facilitate trading in such goods, and derivatives contracts in respect of one or more commodities, as the Board may think fit;
[Act 8 of 2017 wef 10/04/2017]
(lc)to promote, develop and maintain the commodity trade and industry in Singapore, including any market involving derivatives contracts in respect of one or more commodities; and
[Act 8 of 2017 wef 10/04/2017]
(m)to exercise the functions, powers and duties conferred upon the Board under any written law.
[16/92; 17/2002]
(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.
[17/2002]
(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.
[17/2002]