Formulation of policies, programmes and projects in the development of international and domestic commerce and business activities and implementation of such policies and programmes through agencies operating under the Ministry.
Formulation of policies programmes and projects in the development of competition policy and consumer protection and implementation of same through agencies operating under the Ministry.
Establishment and Development of international trade relations and liaise with multilateral and regional agencies involved in trade related areas and implementing programmes in order that the Sri Lankan trade obtains maximum benefits form such activities.
Maximizing benefits to the economy through bilateral trading arrangements with strategically important trade partners.
Ensuring that essential food items and consumer durables are made available at competitive prices and the cost of living is maintained at affordable levels.
Ensuring that allied matters such as intellectual property rights, patents, trademarks, import and export control and licensing schemes, standards relating to measurements etc., are implemented for the benefit of the trading community and of the consumers.
Promotion of Sri Lanka as a trading hub in the South Asian region by facilitating necessary infrastructural and logistical developments
Ensuring that desiring students obtain benefits through schemes such as Mahapola for upliftment of their education.