Ministry of International Trade and Industry (Malaysia)

The Ministry of International Trade and Industry (Malay: Kementerian Perdagangan Antarabangsa dan Industri), abbreviated MITI, is a ministry of the Government of Malaysia that is responsible for international trade and industry. The ministry has its headquarters at the Menara Miti on Jalan Sultan Haji Ahmad Shah in Kuala Lumpur.^[1] It is the only ministry that has not moved to Putrajaya.^[3]

Portfolio responsibilities

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)
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. Halal Industry Development Corporation (HDC), or Perbadanan Pembangunan Industri Halal. (Official site)
8. Malaysia Automotive Institute (MAI), or Institut Automotif Malaysia. (Official site)
9. Malaysia Steel Institute (MSI). (Official site)
10. The Special Taskforce to Facilitate Business, or Pasukan Petugas Khas Pemudahcara Perniagaan (PEMUDAH). (Official site)

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:

• Ministry of International Trade and Industry (MITI)
• Ministry of Domestic Trade and Consumer Affairs (KPDN).

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]

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.

Client's Charter

• To process online applications for:
  • Iron & Steel Approved Permit (AP):
    • import AP: 5 working days;
    • import AP via ePermit: 2 working days;
    • export AP: 2 working days.
  • AP for other products:
    • import: 5 working days;
    • export: 3 working days;
    • personal vehicle: 14 working days.
• To process online applications for certificate of origin within 24 working hours upon receiving complete documentation.
• To process applications for Bumiputera Special Shares within 21 working days from the approval dates for shares listing by Securities Commission of Malaysia.
• To resolve complaints about MITI within 15 working days from the date the complaint is received.
• To achieve at least 85% for external customer satisfaction of MITI services.
• 95% payment of bills to be done within 7 working days.
• Tender and Quotation results to be published in the MITI's portal within 2 working days after the date of supplier confirmation based on the Letter of Acceptance.

List of Federal Minister of International Trade and Industry

The following is a list of former and current Federal Minister of International Trade and Industry.^[4]

Political Party:       Alliance       BN

References

1. 1 2 3 "Miti moving to new HQ.The Star (Malaysia) 17 November 2015. Retrieved on 17 November 2015.
2. 1 2 "Najib to lead Malaysian delegation at APEC.Free Malaysia Today 17 November 2015. Retrieved on 17 November 2015.
3. ↑ "Malaysian envoy acclaims Sejong City." (Archive) The Korea Times. 23 September 2012. Retrieved on 1 January 2014.
4. ↑ http://www.miti.gov.my/index.php/pages/view/content2b7b.html

External links

• Ministry of International Trade and Industry (English) / (Malay)

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