MITI Rebranded as the Ministry of Investment, Trade and Industry (MITI).

 MITI NOW KNOWN AS MINISTRY OF INVESTMENT, TRADE AND INDUSTRY

12/04/2023 

KUALA LUMPUR, April 12 (Bernama) -- The Ministry of International Trade and Industry has  been rebranded and will now be known as the  Ministry of Investment, Trade and Industry (MITI).

In a statement today, the ministry said that the rebranding is in line with Prime Minister Datuk Seri Anwar Ibrahim’s decision during the Cabinet meeting on April 5.

“This is in keeping with  MITI’s function as the leader in  driving and encouraging  inflows of foreign investments, enhancing  local investments, strengthening international trade and empowering sustainable industrial development," the ministry said.

The decision was also in line with the government’s aspiration to boost investment promotion activities as outlined by the National Investment Aspiration for the continuation of the national economic redevelopment in accordance with the MADANI Government framework.

“MITI remains committed to attracting new quality and high-impact investments, expanding the international trade network and strengthening the existing industrial    sector as the main contributor to the economic development for the well-being of the people and the business sector, especially the small and medium enterprises,” it

added.

-- BERNAMA