SICC - 180 years serving business interests in Singapore
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SINGAPORE'S longest serving chamber of commerce celebrates the 180th anniversary of its founding on Feb 8. The Singapore International Chamber of Commerce (SICC) was founded by a handful of business people in Singapore on Feb 8, 1837.
The catalyst for the establishment of the Chamber was the proposal by the East India Company - then the government of the day - to impose taxes without representation. These taxes would have removed Singapore's free port status, undermined free trade and adversely affected Singapore's attractiveness as a business and transshipment hub.
The founders of the Chamber successfully argued their case. Singapore remained a free port. This laid the foundations for the sustainability of business in general and for Singapore's development as an entrepot.
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