The Ministry of Domestic Trade, Co-operatives and Consumerism was established on 27 October 1990. The objectives of Ministry are to promote the development of a viable, competitive and sustainable domestic economy, specifically in the Distributive Trade Sector.
The Distributive Trade Sector is one of the main contributors to the National GDP and it acts as a buffer to economic stability, especially during the times of uncertainty and unpredictable situation of the global economy. Distributive trade needs to be strong so as to counterweigh any instability in the economy.
At the same time, the Ministry is committed in protecting the interest and rights of consumers. This includes development of an ecosystem of consumers and businesses that complements each other towards self-regulation, in line with the aspirations of people in a developed country. It is hoped that matured and ethical consumers and business can be developed, with the outcome of an economically and socially balanced nation.
In 2009, the Ministry’s roles and functions were expanded to cover the Franchise and Co-operative Sectors.
FUNCTIONS OF KPDNKK
KPDNKK formulates policies, strategies and reviews matters pertaining to the development of the domestic trade i.e. Distributive Trade and Consumerism Sectors.
Scope of Work for the Ministry :
(i) Domestic Trade
- Develops business opportunities and socio-economic standing of the Malaysian citizen through the profiles of wholesalers and retailers, co-operatives, franchise, direct-selling, hawkers and petty traders as well as downstream sectors of petroleum;
- Determines and monitors prices of essential goods;
- Controls and monitors the sales and distributions of essential goods, petroleum and petrochemical products and direct-selling trade;
- Implements the regulation on metric weights and measures;
- Regulates matters pertaining to companies and businesses based on the related acts;
- Encourage good corporate governance practices; and
- Develops and administers the intellectual property protection system.
- To formulate policies that is related to co-operative sector.
- To regulate co-operative sector (Co-operative Act 1993).
- To execute developmental projects and programmes.
- To conduct training in co-operative sector.
- Carries out consumer education programmes.
- Enhances programmes on consumer awareness and consumer protection.
- Encourages and assists consumer movements.
VISION AND MISSION
KPDNKK is moving towards becoming a national premier Ministry as a ‘Caring Ministry’. It is guided by its vision that is ‘Domestic Trade As The Backbone To A High Income Economy’.
Three missions of the Ministry are :
- Accelerate main domestic sectors that are viable, competitive and sustainable;
- Domestic economy grounded by fair competition and innovation; and
- Develop a trade ecosystem based on ethics and protection of consumer’s interest.
Thriving Trade Blessed Consumers.
Ministry’s Core Values
KPDNKK’s 5 STRATEGIC
(i) Increase the contribution of Domestic Trade to the Gross National Income;
(ii) Establish an adept consumer society and ethical business practices;
(iii) Inculcate innovation-based economy through effective system and regulations;
(iv) stablish a condusive market environment for consumers in dealing with the increase of cost of living; and
(v) Promote organizational excellence.