The SMF’s International Networks and Strategic Department facilitated the SMF in the signing of Memorandums of Understanding (MOUs) with strategic partners overseas to support members in their expansions to overseas markets. Due to the travel restrictions, the MOU signing ceremonies were held virtually during this financial year.
22 July 2020 The SMF signed a MOU with the Confederation of Industrial Chambers of Mexico (CONCAMIN) to assist member-companies who are interested to expand their businesses in Mexico. The signing ceremony also saw SMF Deputy President Mr Alessandro Perrotta appointed as Ambassador of the CONCAMIN to Singapore
16 September 2020 The SMF signed a MOU with the Chamber of Industries of Costa Rica (CICR) to strengthen business relations and promote economic cooperation between enterprises both in Singapore and Costa Rica. The MOU was signed by SMF President Mr Douglas Foo and CICR President Mr Enrique J Egloff.
18 November 2020 The SMF signed a goodwill MOU with China Enterprises Association (Singapore) (CEA) to promote business collaborations between the SMF and CEA . This MOU is also to encourage collaborations in organising joint events that will facilitate SMF and CEA members to network in Singapore, China and third countries. The MOU signing was witnessed by Economic and Commercial Minister Counsellor, Embassy of China in Singapore, Mdm Zhong Manying and Singapore Member of Parliament for Macpherson and CEO of Business China, Ms Tin Pei Ling.