The Ministry of International Trade and Industry (MITI) has been renamed the Ministry of Investment, Trade and Industry, keeping its acronym. Announcing this through a statement, it said that the decision to rebrand the ministry was made by prime minister Datuk Seri Anwar Ibrahim during a cabinet meeting on April 5.
The ministry said its rebranding coincides with its function of being responsible for foreign investment and local investment development as well as enhancing international trade and empowering sustainable industrial development in the country. .
It added that the decision was also in line with the government’s aspiration to further promote investment promotion activities as outlined in the National Investment Aspiration for continued development in order to rebuild the economy. nation.
The ministry, which is currently led by Tengku Datuk Seri Zafrul Abdul Aziz, says it will continue to expand the country’s international trade network and work towards attracting new investments.
