Ministry of Trade and Industry Strategic Plan 2016-2020.

The Strategic Plan of the Ministry of Trade and Industry is a national policy with a multi-sector approach. The timeframe of the policy is 5 years between 2016 and 2020. The overall purpose of this Strategic Plan is to ensure business growth, trade and investment with innovation for enhanced global competitiveness and promoting consumer interests for improved wellbeing.
This Strategic Plan aims at diversifying businesses and fostering conditions for the emergence of productive and profitable enterprises, business associations and industries that would result in increased revenues, employment creation, poverty reduction, improved livelihood and environmental sustainability. Therefore, this Plan sets out sectoral and institutional strategies for a dynamic, diversified, globally competitive economy that contributes to generating economic activity and incomes that stimulate growth and aid in poverty reduction; securing reliable and sustainable standards of living; and utilizing the natural resource base efficiently while protecting the environment. This Plan takes into consideration the concerns of environmental and climate change impacts and consumer concerns about food safety and poor customer service. The legislative, policy and administrative frameworks will be developed to increase the confidence of the business environment. The competitive business regime will be developed at the national and international level through the enhancement of fair trading practices. Technical assistance and infrastructure support will be provided to businesses for improved quality of goods and services of international standards, including the efforts to meet the requirements of international markets for food safety certification for exported goods. The policies and projects will be developed to attract investment that enables expanded growth in targeted sectors and increased employment opportunities. A trade support and facilitation programme will be carried out for improved export capacity, diversification of exports, increased exports to traditional markets and increased exports to non-traditional markets. A National Consumer Policy and Legislation will be developed and implemented to strengthen consumer protection, increase consumer awareness and empowerment and cope with unfair business practices. A comprehensive research and data management system and an online knowledge management system will be developed for improved information and knowledge sharing.
The Monitoring and Evaluation Unit shall be responsible for the monitoring and evaluation of the implementation of this Strategic Plan in line with the National Monitoring and Evaluation Policy.