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MITI now known as Investment, Trade and Industry Ministry

MITI now known as Investment, Trade and Industry Ministry

12 Apr 2023

The International Trade and Industry Ministry has been rebranded and will now be known as the Investment, Trade and Industry Ministry (Miti).

In a statement on Wednesday (April 12), the ministry said the rebranding is in line with Prime Minister Datuk Seri Anwar Ibrahim’s decision during last week’s Cabinet meeting.

“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 in the National Investment Aspiration for the continuation of national economic redevelopment in accordance with the Madani government framework, it added.

“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 small and medium enterprises,” the statement read.

Source: Bernama