Context: The Ministry Of Trade and Industry (Abbreviation: MTI; Malay: Kementerian Perdagangan dan Perusahaan; Chinese: 贸 工 部; Tamil: வர்த்தக, தொழில் அமைச்சு) is a ministry of the Government of Singapore that directs the formulation of policies related to the development of trade and industry in Singapore.\n\nQuestion: what does the ministry of trade and industry do?
Please answer and provide answer explanation.
directs the formulation of policies related to the development of trade and industry in Singapore
To answer the question, consider the following: The Ministry Of Trade and Industry (Abbreviation: MTI; Malay: Kementerian Perdagangan dan Perusahaan; Chinese: 贸 工 部; Tamil: வர்த்தக, தொழில் அமைச்சு) is a ministry of the Government of Singapore that directs the formulation of policies related to the development of trade and industry in Singapore.

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The answer is directs the formulation of policies related to the development of trade and industry in Singapore