S'pore firms now able to harness Gen AI to navigate US tariff chaos

Platform simplifies trade rules, provides guidance on FTAs, tariffs, compliance

- Ovais Subhani

Companies seeking counsel to navigate an increasingly complicated global trading environment can now tap generative artificial intelligence (Gen AI) to do so.

Launched by the Singapore Business Federation (SBF) on Sept 9, the Trade AI Adviser (TAIA) is said to be the world's first Gen AI platform dedicated to providing global trade advice.

An in-house SBF initiative, TAIA is geared to simplify complex trade rules and provide guidance on free trade agreements (FTA), tariffs and compliance requirements.

It will also provide practical solutions by leveraging reliable sources and a comprehensive FTA database, enabling businesses to unlock opportunities, maintain compliance and stay competitive, SBF said in a statement.

TAIA's launch was announced on the sidelines of a seminar on navigating US tariffs at Orchard Hotel Singapore.

At a fireside discussion during the seminar, Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong noted that the 10 per cent tariff on Singapore exports to the US will negatively impact the Republic's economy despite being lower than the tariffs faced by most other countries.