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Singapore's Ministry of Trade and Industry

The origins and history of Singapore's Ministry of Trade and Industry are intimately linked to the economic history of Singapore. MTI was created out of the former Development Division of the Ministry of Finance in March 1979, tasked with anticipating problems ahead, identifying opportunities for growth, rationalising existing policies and giving broad directions for growth.

MTI now has about 130 staff in HQ with nine statutory boards and two government departments under its purview.

Current status:
To better deal with the challenges of the 21st century, MTI HQ was recently re-organised into the Economics, Trade, Industry Development and Resource Development Divisions with Corporate Services Division providing support and administrative services and the Department of Computer Information Services providing information technology services.

Economics Division provides a good understanding of the Singapore economy for rational policymaking. Studying and identifying key sectors and clusters in Singapore, it also assesses the impact of policy initiatives by other government agencies besides producing research and analyses of the Singapore economy and global trends.

Industry Development Division spearheads policy and strategy formulation and reviews to sharpen the strength and competitiveness of the Singapore economy. Its primary focus is in developing the manufacturing, technology, tourism and services sectors of the economy. It works closely with EDB, NSTB, STB and SDC to formulate and implement sectoral economic masterplans and industry development, investment promotion and enterprise development programmes.

Resource Development Division's  role is to ensure the efficient provision of infrastructure such as industrial land and facilities, electricity, water and piped gas, as well as promote productivity, quality and worker training in Singapore. It works closely with statutory boards, JTC, PUB and PSB to formulate and implement relevant policies and masterplans that support Singapore's economic development and enhance our international competitiveness.

TheTrade Division protects Singapore's trading interests by enhancing access to global markets for goods, services and investment. It also manages Singapore's participation in the international and regional fora such as the World Trade Organisation (WTO), Asia-Pacific Economic Co-operation (APEC), Association of Southeast Asian Nations (ASEAN) and the Asia-Europe Meeting(ASEM)

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Updated: 2016/06/30

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