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MITI's Portal
 
 

   About MITI

About MITI

Background

The Ministry of Commerce and Industry was established in April 1956 and situated in Government Office, Jalan Raja. The Ministry was then renamed the Ministry of Trade and Industry in February 1972. On 27 October 1990, the Ministry was separated into two Ministries which are:

i) Ministry of International Trade and Industry (MITI); and

ii) Ministry of Domestic Trade and Consumer Affairs (KPDN).

Vision

To make Malaysia the preferred investment destination and among the most globally competitive trading nations by 2020.

Mission

To promote and strategise Malaysia's global competitiveness in international trade by producing high value added goods and services.

To spur the development of industrial activities towards enhancing Malaysia's economic growth for achieving a developed nation status by 2020.

Objective

To plan, legislate and implement international trade and industrial policies that will ensure Malaysia's rapid development towards achieving National Economic Policy and Vision 2020.

Functions

  • To plan, formulate and implement policies on industrial development, international trade and investment.
  • To encourage foreign and domestic investment.
  • To promote Malaysia's exports of manufacturing products and services by strengthening bilateral, multilateral and regional trade relations and cooperation.
  • To enhance national productivity and competitiveness in the manufacturing sector.

Last Updated 2015-05-14 11:59:58 by admin2

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