THE International Trade and Industry Ministry has been renamed the Investment, Trade and Industry Ministry (MITI).
Prime Minister Datuk Seri Anwar Ibrahim made the choice to rebrand, aimed at boosting investment and strengthening international trade.
“The rebranding was in line with the ministry’s function of encouraging foreign investment, boosting domestic investment, strengthening international trade, and empowering sustainable industrial development,” said MITI in a statement today.
According to MITI, this is also in line with the government’s aspirations to further boost investment promotion activities as outlined under the National Investment Aspiration for continued development to rebuild the national economy.
The ministry is led by Tengku Datuk Seri Zafrul Abdul Aziz, who is assisted by Liew Chin Tong.
It has been known as the international trade and industry ministry since 1990, having previously been named the trade and industry ministry. — April 12, 2023
