Decree-Law No. 72/2023 on the Ministry of Commerce and Industry. Country/Territory Timor-Leste Document type Legislation Date 2023 (2023) Source FAO, FAOLEX Original source Jornal da República, Série I, Extraordinary No. 34-A, 14 September 2023. Subject General Keyword Institution Legal proceedings/administrative proceedings Business/industry/corporations Sustainable development Authorization/permit Capacity building Monitoring Geographical area Asia, Asia and the Pacific, Indian Ocean, Least Developed Countries, Small Island Developing States, South-Eastern Asia Entry into force notes This Decree-Law enters into force on the day after its publication. Abstract This Decree-Law establishes the Ministry of Commerce and Industry (MCI). MCI is the government department responsible for the design, execution, coordination and evaluation of policies, defined and approved by the Council of Ministers, for the areas of commercial and industrial economic activities. The Ministry has the following responsibilities: a) Propose policies and draft legislation for their areas of governance; b) Design, implement and evaluate trade and industry policies; c) Contribute to boosting economic activity; d) Promote simpler and faster procedural processing; e) License installation and operation projects for commercial and industrial enterprises; f) Monitor commercial and industrial activities and undertakings; g) Manage a documentation center on commercial and industrial companies; h) Classify industrial enterprises; i) Register industrial property; j) Promote standardization and quality control; k) Establish collaboration mechanisms with national and international organizations namely with the World Trade Organization; l) Establish collaboration mechanisms with services responsible for planning and physical development of the territory, with a view to promoting strategic zones of commercial or industrial development. Full text Portuguese Website www.legis-palop.org References - Legislation Implemented by Ministerial Order No. 3/2024 on the Functional Structure of the Ministry of Agriculture, Livestock, Fisheries and Forestry. Legislation | Timor-Leste | 2024 Keyword: Institution, Legal proceedings/administrative proceedings, Agricultural development, Business/industry/corporations, Sustainable development, Authorization/permit, Capacity building, Monitoring, Governance Source: FAO, FAOLEX