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Ministry of Trade and Industry (Singapore)

The Ministry of Trade and Industry (MTI) is a government agency in Singapore responsible for formulating and implementing economic, trade, and industry policies. It aims to foster a competitive and innovation-driven economy while supporting enterprises and job creation.

Website
mti.gov.sg
Founded
1979
Recorded stages
Pre Seed, Seed, Growth Equity
Recorded regions
Singapore

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Overview

The Ministry of Trade and Industry (MTI) was established in March 1979 and is headquartered in Singapore. It plays a crucial role in shaping the country's economic landscape by developing policies that promote trade, industry growth, and investment. MTI oversees several statutory boards, including Enterprise Singapore and the Economic Development Board, which implement various initiatives to support businesses. The ministry's mission is to create opportunities for enterprises and good jobs for the population, ensuring Singapore remains competitive in the global market. MTI focuses on trade relations, industry development, and energy transition, fostering an ecosystem that supports innovation and a pro-enterprise environment.

Focus

MTI's strategic focus encompasses trade and international economic relations, industry development, and energy transition. The agency works to deepen trade ties, support competitive industries, and facilitate Singapore's shift towards a low-carbon economy while ensuring energy security.

Support

MTI provides a range of initiatives to support businesses, including assistance for licensing, funding, and compliance needs through the Enterprise Support and Pro-Enterprise Panel. The agency also offers frameworks for innovative business concepts and regulatory sandboxes for testing novel ideas.

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