Ministry of Investment, Trade and Industry (Malaysia) explained

Agency Name:Ministry of Investment, Trade and Industry
Nativename:Kementerian Pelaburan, Perdagangan dan Industri
Native Name A:(MITI)
Seal:Coat_of_arms_of_Malaysia.svg
Type:Ministry
Preceding1:Ministry of International Trade and Industry
Jurisdiction: Government of Malaysia
Headquarters:Menara MITI, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur[1]
Employees:959 (2017)
Budget:MYR 1,613,720,700 (2017)
Region Code:MY
Minister1 Name:Tengku Zafrul Aziz
Minister1 Pfo:Minister of Investment, Trade and Industry
Deputyminister1 Name:Liew Chin Tong
Deputyminister1 Pfo:
Deputy Minister of Investment, Trade and Industry
Chief1 Name:Lokman Hakim Ali
Chief1 Position:Secretary-General
Chief2 Name:Norazman Ayob
Chief2 Position:Deputy Secretary-General (Industry)
Chief3 Name:Hairil Yahri Yaakob
Chief3 Position:Deputy Secretary-General (Trade)
Chief4 Name:Bahria Mohd Tamil
Chief4 Position:Deputy Secretary-General (Investment)

The Ministry of Investment, Trade and Industry (Malay: Kementerian Pelaburan, Perdagangan dan Industri; Jawi:), abbreviated MITI, is a ministry of the Government of Malaysia that is responsible for international trade, industry, investment, productivity, small and medium enterprise, development finance institution, halal industry, automotive, steel, strategic trade. The ministry has its headquarters located at Menara MITI on Jalan Sultan Haji Ahmad Shah in Kuala Lumpur and the building is also a component of Naza TTDI’s 75.5-acre KL Metropolis, a mixed development that is envisioned to be the International Trade and Exhibition District for Kuala Lumpur. It is one of the three ministries that has not moved to Putrajaya.[2]

The Minister of Investment, Trade and Industry administers his functions through the Ministry of International Trade and Industry and a range of other government agencies.

Its headquarters is in Kuala Lumpur.

Organisation

Federal agencies

  1. Malaysian Investment Development Authority (MIDA), or Lembaga Pembangunan Pelaburan Malaysia. (Official site)
  2. Malaysia External Trade Development Corporation (MATRADE), or Perbadanan Pembangunan Perdagangan Luar Malaysia. (Official site)
  3. Malaysia Productivity Corporation (MPC), or Perbadanan Produktiviti Malaysia. (Official site)
    1. The Special Task Force to Facilitate Business, or Pasukan Petugas Khas Pemudahcara Perniagaan (PEMUDAH). (Official site)
  4. SME Corporation Malaysia (SME Corp), or Perbadanan Perusahaan Kecil dan Sederhana Malaysia. (Official site)
  5. Small And Medium Enterprise Bank (SME Bank), or Bank Perusahaan Kecil dan Sederhana. (Official site)
  6. Malaysian Industrial Development Finance (MIDF), or Pembangunan Industri Kewangan Malaysia. (Official site)
  7. Malaysia Automotive Institute (MAI), or Institut Automotif Malaysia. (Official site)
  8. Malaysia Steel Institute (MSI), or Institut Keluli Malaysia. (Official site)

Key legislation

The Ministry of Investment, Trade and Industry is responsible for administration of several key Acts:[3]

Policy Priorities of the Government of the Day

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:

In November 2015, MITI relocated its headquarters from Kompleks Pejabat Kerajaan, Jalan Tuanku Abdul Halim to Menara Miti on Jalan Sultan Haji Ahmad Shah.[1]

On 12 April 2023, renamed to the Ministry of Investment, Trade and Industry.[4]

Vision

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

Mission

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.

Key policies

Client's Charter

Legal Framework

The Federal Constitution allows Parliament to make laws related to trade, commerce and industry that include:

See also

External links

Notes and References

  1. "Miti moving to new HQ.The Star (Malaysia) 17 November 2015. Retrieved 17 November 2015.
  2. "Malaysian envoy acclaims Sejong City." (Archive) The Korea Times. 23 September 2012. Retrieved 1 January 2014.
  3. http://www.miti.gov.my/index.php/pages/view/2681?mid=327 Principal Acts
  4. Web site: MITI NOW KNOWN AS MINISTRY OF INVESTMENT, TRADE AND INDUSTRY . BERNAMA . 28 November 2023 . en-MY . 12 April 2023.