Ministry of Commerce (China)

Chinese government ministry

The Ministry of Commerce (MOFCOM) is a cabinet-level executive agency of the State Council of China that is responsible for formulating policy on foreign trade, export and import regulations, foreign direct investments, consumer protection, market competition and negotiating bilateral and multilateral trade agreements. It is in charge of the administration of foreign trade pursuant to the Foreign Trade Law. The current Commerce minister is Wang Wentao.

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