Commerce ministry creating consulting committee

BEIJING - The Ministry of Commerce is establishing a policy consultancy committee to improve the process of drafting and implementing laws and regulations, amid an increasingly complex domestic and global economic and trade environment.

The policy consultancy committee, the ministry's first, will have 22 experts specializing in areas such as finance and taxation, macroeconomics, trade, the world economy and foreign affairs.

The panel "will help us draft rules and regulations in a more scientific way and standardize the decision-making process, by distilling the brainpower and research of the committee members", said Commerce Minister Chen Deming on Tuesday in Beijing.