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:
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.
Key policies
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 co-operation.
To enhance national productivity and competitiveness in the manufacturing sector.
Client's Charter
To process online applications for:
* Iron & Steel Approved Permit :
** 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.
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.
Legal Framework
The Federal Constitution allows Parliament to make laws related to trade, commerce and industry that include:
production, supply and distribution of goods; price control and food control; adulteration of foodstuffs and other goods;
imports into, and exports from, the Federation;
incorporation, regulation and winding up of corporations other than municipal corporations ; regulation of foreign corporations; bounties on production in or export from the Federation;
insurance, including compulsory insurance;
patents; designs, inventions; trade marks and mercantile marks; copyrights;
establishment of standards of quality of goods manufactured in or exported from the Federation;
auctions and auctioneers;
industries; regulation of industrial undertakings;
subject to item 2 in the State List: Development of mineral resources; mines, mining, minerals and mineral ores; oils and oilfields; purchase, sale, import and export of minerals and mineral ores; petroleum products; regulation of labour and safety in mines and oilfields;
factories; boilers and machinery; dangerous trades; and
