Kementerian Pelaburan, Perdagangan dan Industri (MITI) | |
Ministry overview | |
---|---|
Formed | 27 October 1990 |
Preceding Ministry | |
Jurisdiction | Government of Malaysia |
Headquarters | Menara MITI, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur [1] |
Employees | 959 (2017) |
Annual budget | MYR 1,613,720,700 (2017) |
Minister responsible | |
Deputy Minister responsible | |
Ministry executives |
|
Website | www |
Footnotes | |
Ministry of Investment, Trade and Industry on Facebook |
The Ministry of Investment, Trade and Industry (Malay : Kementerian Pelaburan, Perdagangan dan Industri), 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. [1] 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.
The Ministry of Investment, Trade and Industry is responsible for administration of several key Acts: [3]
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]
To make Malaysia the preferred investment destination and among the most globally competitive trading nations by 2020.
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.
The Federal Constitution allows Parliament to make laws related to trade, commerce and industry that include:
The Ministry of International Trade and Industry was a ministry of the Government of Japan from 1949 to 2001. The MITI was one of the most powerful government agencies in Japan and, at the height of its influence, effectively ran much of Japanese industrial policy, funding research and directing investment. In 2001, MITI was merged with other agencies during the Central Government Reform to form the newly created Ministry of Economy, Trade and Industry (METI).
Japan External Trade Organization is an Independent Administrative Institution established by Japan Export Trade Research Organization as a nonprofit corporation in Osaka in February 1952, reorganized under the Ministry of International Trade and Industry (MITI) in 1958, and became an Independent Administrative Institution in 2003 to consolidate Japan's efforts in export promotion. The government has provided more than half of JETRO's annual operating budget. As of January 2020, JETRO maintained seventy-four offices in fifty-four countries, as well as forty-eight regional offices in Japan, with a total staff of 1,730. Its main office is located in the Ark Mori Building in Akasaka, Tokyo. Initially, JETRO's activities focused mainly on promoting exports to other countries. As exporters established themselves in world markets and the balance of trade turned from deficit to surplus, however, JETRO's role shifted to encompass more varied activities. These have included the furtherance of mutual understanding with trading partners, strategic investment attraction, import promotion, liaison between small businesses in Japan and their overseas counterparts, and data dissemination. Import promotion services have included publications, promotion of trade fairs, seminars, and trade missions.
Johor Corporation (JCorp) is Johor’s principal development institution for the State. Headquartered in Johor Bahru, Malaysia, its operations span multiple countries including Malaysia, Singapore, Indonesia, Brunei, Australia,Thailand, Cambodia and Bangladesh.
The Japanese economic miracle refers to Japan's record period of economic growth between the post-World War II era and the end of the Cold War. During the economic boom, Japan rapidly became the world's second-largest economy. By the 1990s, Japan's population demographics had begun to stagnate, and the workforce was no longer expanding as quickly as it had in the previous decades despite per-worker productivity remaining high.
Developmental state, or hard state, is a term used by international political economy scholars to refer to the phenomenon of state-led macroeconomic planning in East Asia in the late 20th century. In this model of capitalism, the state has more independent, or autonomous, political power, as well as more control over the economy. A developmental state is characterized by having strong state intervention, as well as extensive regulation and planning. The term has subsequently been used to describe countries outside East Asia that satisfy the criteria of a developmental state. The developmental state is sometimes contrasted with a predatory state or weak state.
The Malaysian Investment Development Authority, abbreviated MIDA, previously known as Malaysian Industrial Development Authority is the government's principal agency to oversee and drive investment into the manufacturing and services sectors in Malaysia. Starting operations in 1967, MIDA was given the mandate to promote investments in the manufacturing and services sectors; and to advise the Ministry of International Trade and Industry (MITI) on industry matters including the formulation of related policies.
The Ministry of Economy, Trade and Industry, METI for short, is a ministry of the Government of Japan. It was created by the 2001 Central Government Reform when the Ministry of International Trade and Industry (MITI) merged with agencies from other ministries related to economic activities, such as the Economic Planning Agency.
Trade is a key factor of the economy of China. In the three decades following the dump of the Communist Chinese state in 1949, China's trade institutions at first developed into a partially modern but somewhat inefficient system. The drive to modernize the economy that began in 1978 required a sharp acceleration in commodity flows and greatly improved efficiency in economic transactions. In the ensuing years economic reforms were adopted by the government to develop a socialist market economy. This type of economy combined central planning with market mechanisms. The changes resulted in the decentralization and expansion of domestic and foreign trade institutions, as well as a greatly enlarged role for free market in the distribution of goods, and a prominent role for foreign trade and investment in economic development.
The Ministry of Defence, abbreviated MINDEF or KEMENTAH, is a ministry of the Government of Malaysia that is responsible for defence, national security, army, navy, hydrography, air force, armed forces, intelligence services, counterintelligence, military intelligence, national service, and veterans affairs.
MMTC Ltd. is one of the two highest earners of foreign exchange for India and India's largest public sector trading body. Not only handling the export and import of primary products such as coal, iron ore, agro and industrial products, MMTC also exports and imports important commodities such as ferrous and nonferrous metals for industry, and agricultural fertilizers. MMTC's diverse trade activities cover third country trade, joint ventures and link deals and all modern forms of international trading. The company has a vast international trade network, spanning almost in all countries in Asia, Europe, Africa, Oceania, and in the United States and also includes a wholly owned international subsidiary in Singapore, MTPL. It is one of the Miniratnas companies.
The Ministry of Finance, abbreviated MOF, is a ministry of the Government of Malaysia that is charged with the responsibility for government expenditure and revenue raising. The ministry's role is to develop economic policy and prepare the Malaysian federal budget. The Ministry of Finance also oversees financial legislation and regulation. Each year in October, the Minister of Finance presents the Malaysian federal budget to the Parliament.
The Ministry of Transport, abbreviated MOT, is a ministry of the Government of Malaysia that is responsible for transport: road transport, civil aviation, road safety, port authority, maritime, air accident investigation, logistic and maritime safety. The ministry is headquartered in Putrajaya.
The Ministry of Domestic Trade and Costs of Living, abbreviated KPDN, is a ministry of the Government of Malaysia that is responsible for domestic trade, living costs, co-operatives, consumerism, franchise and others.
The Malaysian Ministry of Youth and Sports, abbreviated KBS, is a ministry of the Government of Malaysia that is responsible for youth, sports, recreation, leisure activities, stadiums, youth development, and youth organisations in the country.
The Ministry of Human Resources, abbreviated KESUMA or MOHR, is a ministry of the Government of Malaysia that is responsible for skills development, labour, occupational safety and health, trade unions, industrial relations, industrial court, labour market information and analysis, social security. On 4 March 2024, the ministry was rebranded and started using the official acronym of KESUMA for all official business related to the ministry.
The Ministry of Communications and Digital is a ministry of the Government of Malaysia that is responsible for digitalisation, communications, multimedia, radio broadcasting, digital terrestrial television broadcasting, other media broadcasts, information, personal data protection, special affairs, media industry, film industry, domain name, postal, courier, mobile service, fixed service, broadband, digital signature, universal service, international broadcasting, and content.
The Ministry of Natural Resources and Environmental Sustainability, is a ministry of the Government of Malaysia that is responsible for energy, natural resources, environment, climate change, land, mines, minerals, geoscience, biodiversity, wildlife, national parks, forestry, surveying, mapping and geospatial data.
The Ministry of Federal Territories(Malay: Kementerian Wilayah Persekutuan), abbreviated KWP, was a ministry and now a department under the Prime Minister's Department of the Government of Malaysia that is in charge of overseeing the administration and development of all three Federal Territories in Malaysia: Kuala Lumpur, Labuan and Putrajaya.
The Malaysia External Trade Development Corporation is a Malaysian external trade government agency. Its key role is to assist Malaysian exporters to develop and expand their export markets. The agency was established under the MATRADE Act 1992 in March 1993 as a statutory agency and external trade promotion arm under the Ministry of Investment, Trade and Industry Malaysia (MITI).