Ministry of Trade and Industry (MTI)
The Ministry of Trade and Industry is a ministry of the Government of Singapore that is responsible for the formulation of policies related to the development of trade and industry in Singapore. Its mission is to promote economic growth and create good jobs in Singapore. MTI is also tasked to ensure that Singapore’s economy continues to be competitive, be able to attract investments, and nurture a deeper base of global Singapore enterprises.
They have instated several initiatives to improve trade and transform industries like Digital Economy Agreements, Free Trade Agreement, Multilateral & Regional Forums, International Investment Agreements, and other collaborations.
MTI’s website: https://www.mti.gov.sg
Divisions under the Ministry of Trade and Industry (MTI)
There is only one department under MTI, the Singapore Department of Statistics (DOS). It is the National Statistical Office and provides statistics and statistical services to enable better decision-making.
Statutory Boards under the Ministry of Trade and Industry (MTI)
There are a total of nine statutory boards under MTI with the scope to drive research and innovation, forge a progressive energy landscape, promotion of local enterprises, develop Singapore’s tourism sector, and more.
- 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)