Singapore – International Trade Council (ITC), a leading global chamber of commerce representing 28,000+ corporations across 179 countries, is proud to announce the election of 12 new members to its Board of Directors.
These newly elected leaders will serve for an initial term beginning 15th January 2025 through 1st December 2027, bringing invaluable expertise to further ITC’s mission of fostering foreign market entry, reducing technical barriers to trade, and enhancing international trade education.
Since its establishment in 1956, ITC has remained at the forefront of global trade, uniquely positioned as a peak-body chamber of commerce. Its work spans a wide range of initiatives, including the promotion of free and fair trade, export growth, foreign direct investment (FDI), and supporting companies in navigating the complexities of international trade regulations.
2025–2027 Goals
As part of its strategic vision, the new board will help ITC deliver on its key goals for the next three years:
- Supporting Supply Chain Transparency Laws: Collaborate with governments and industries to align strategies and provide tools to help businesses comply with the growing number of global regulations, including the EU Supply Chain Transparency Act, and similar legislation worldwide.
- Increasing Equality in Access to International Markets: Drive initiatives to ensure equality of access to global trade opportunities across age, gender, income levels, and geographic regions. The ITC aims to reduce barriers for underrepresented groups, promote inclusive policies, and empower diverse voices in global trade. In particular, through it’s ‘single window for international trade tool’ ADAMftd – (https://www.adamftd.org).
- Advancing Education: Expand the reach of the International Trade Council Academy (https://internationaltrade.academy), which offers free online certificate courses to educate businesses and individuals on critical aspects of international trade.
- Quarterly Global Business Confidence Surveys: Conduct comprehensive surveys to gauge business sentiment across industries, offering insights to support informed policymaking and strategic decisions.
- Reducing Technical Barriers to Trade: Work closely with governments and trade associations to streamline processes, reduce red tape, and foster open trade environments.
- Driving Foreign Direct Investment (FDI): Facilitate connections between investors and opportunities in emerging and established markets, with a focus on supporting post-conflict rebuilding and sustainable economic development.
Leadership Perspective
Chairperson of the Board, Ranjani Rangan, shared her vision:
” ITC is a unique organization, bringing together governments, corporations, and industry associations to foster dialogue and create meaningful change in international trade. With the election of our new Board members, ITC is positioned to drive global trade reform, promote transparency, and provide businesses with the resources they need to succeed. Together, we’ll create a more transparent, inclusive and equitable global trade environment that empowers all, regardless of age, gender, or economic status.”
Looking Ahead
The new Board of Directors will continue to champion the ITC’s legacy of catalyzing conversations between government and industry, ensuring that businesses have the tools, insights, and support necessary to succeed in today’s dynamic global trade environment. A central focus for the coming years will be to drive equity in trade by breaking down barriers and creating opportunities for underrepresented groups to thrive in the global economy.
For more information about the International Trade Council, its new Board of Directors, or its initiatives, visit www.tradecouncil.org.
