Getting to Know the Ministry of Trade and Industry (MTI)

Ministry of Trade and Industry (MTI)The Ministry of Trade and Industry is the governmental department in Singapore responsible for shaping policies associated with Singapore’s trade and industry development. The MTI’s primary mission is to stimulate economic growth and generate quality jobs in Singapore. It’s also tasked with ensuring the country’s economy remains competitive, attractive for investments, and fosters the growth of globally-oriented Singaporean enterprises.

MTI oversees several initiatives aimed at enhancing trade and transforming industries, including Digital Economy Agreements, Free Trade Agreements, participation in Multilateral & Regional Forums, International Investment Agreements, and other collaborative ventures.

For more information, visit the MTI’s official website:

Departments within the Ministry of Trade and Industry (MTI)
Within MTI, there is a single department – the Singapore Department of Statistics (DOS), which serves as the National Statistical Office. It is responsible for providing essential statistics and statistical services for better decision-making processes.

 

Statutory Boards under the Ministry of Trade and Industry (MTI)

MTI oversees nine statutory boards, each with their specific roles aimed at driving research and innovation, shaping a progressive energy landscape, promoting local enterprises, developing the tourism sector, among others. These include:

  • Agency for Science, Technology, and Research (A*STAR)
  • Economic Development Board (EDB)
  • Enterprise Singapore
  • Jurong Town Corporation (JTC)
  • Singapore Tourism Board (STB)
  • Competition and Consumer Commission of Singapore (CCCS)
  • Energy Market Authority (EMA)
  • Hotels Licensing Board (HLB)
  • Sentosa Development Corporation (SDC)