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The Ministry of Commerce, established in 1373 H / 1954, serves as the governing body responsible for trade regulation in the Kingdom of Saudi Arabia. Its core functions revolve around formulating and implementing trade policies, streamlining commercial operations, fostering trade expansion, ensuring adherence to regulatory frameworks by businesses, and enhancing the role of the private sector in the national economy. Additionally, the Ministry oversees the enforcement of trade laws, grants licenses for the establishment of chambers of commerce and their branches, and provides oversight of their operations, along with various other responsibilities.
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