The Ministry of Financial Services, Trade and Labour focuses on the regulation and oversight of financial institutions and services within the territory. Its responsibilities include managing banking regulations, monitoring financial markets, promoting financial stability, and implementing policies to support economic growth. The ministry also works on initiatives to enhance financial inclusion, consumer protection, and investor confidence.
It is also responsible for developing and implementing policies related to commerce. Its primary objectives include promoting exports, attracting foreign direct investment, negotiating trade agreements, and removing barriers to trade. The ministry also is involved in addressing trade disputes, supporting domestic industries, and ensuring compliance with trade regulations.
And finally, it also focuses on labor-related policies and initiatives within the territory. Its key responsibilities include formulating and implementing labor laws, regulations, and standards to protect workers' rights and ensure fair employment practices. The ministry also oversees labor market trends, work on policies related to wages, occupational health and safety, employment benefits, and facilitates labor relations between employers and employees.
