Pacific trade pact a boon to SMEs aiming to grow globally

Mr Samuel Tan (left), co-founder and chief executive officer of Auk Industries, which makes industrial productivity tracking systems, posing with his team.
Mr Samuel Tan (left), co-founder and chief executive officer of Auk Industries, which makes industrial productivity tracking systems, posing with his team.PHOTO: AUK INDUSTRIES

But many small firms here still unclear about the treaty's benefits, say business leaders

Some may scoff at Mr Samuel Tan's lofty ambition to break into more competitive overseas markets, when the small Singaporean firm he co-founded is barely two years old.

But a landmark trade deal set to take effect on Dec 30 may give small and medium firms like his a fighting chance when they expand abroad.

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A version of this article appeared in the print edition of The Straits Times on November 02, 2018, with the headline 'Pacific trade pact a boon to SMEs aiming to grow globally'. Print Edition | Subscribe