Department of Business, Industry, and Trade (Sanctaria)
 Logo of the Sanctarian Department of Business, Industry, and Trade | |
| Department overview | |
|---|---|
| Formed | November 19, 1974 |
| Jurisdiction | Sanctaria |
| Headquarters | Exchequer House, Dock Lane, Sanctus |
| Employees | 49,100 Civil Service employees |
| Annual budget | S£12.3 billion (2018) |
| Minister responsible | |
The Department of Business, Industry, and Trade (often referred to as DBIT), is the Sanctarian governmental department responsible for commerce, trade, and business regulations, equivalent to the commerce or economic affairs ministries of other countries. The Department was created in 1974, along with most other governmental departments.
The Department is headquartered in Exchequer House located in Dock Street, located near the Port of Sanctus. Its main purpose is to promote economic growth, encourage sustainable development, and block harmful trade practices of other nations.
The Department is led by the Secretary for Business, Industry, and Trade, who is nominated by the Chancellor, confirmed by the Senate, and appointed by the President. The Secretary is a member of the Cabinet. The current Secretary for Foreign Affairs is Julia Griffin MP.
Organisation
The Department of Business, Industry, and Trade is headed by the Secretary of the Department of Business, Industry, and Trade, also known as the Secretary for Business. The Secretary is aided by the senior civil servant in charge of the department, the Director-General. The Department itself is then split into various divisions or directorates, with each division headed by other senior civil servants, Directors, who report to both the Director-General and the Secretary of State. This is mirrored in all other government departments, with the only political staff being the Secretary themselves, or any other politician appointed to aide them. Civil servants throughout the department report to their superiors, who eventually report to the Director-General, who is then answerable to the Secretary. The Secretary in turn reports back to the Cabinet and, indeed, the Parliament.
Structure
- Department of Business, Industry, and Trade
- International Trade Directorate
- Exports Office
- Strategy and Investments Office
- Commerce, Consumer and Competition Directorate
- Consumer Protection
- Companies Registration Office
- Corporate Enforcement Agency
- Economic Development Division
- Bureau of Economic Analysis
- Office of the Chief Economist
- Corporate Services Division
- International Trade Directorate
Duties and Responsibilities
The Department of Business, Industry, and Trade is the lead Sanctarian economic affairs agency, and its head, the Secretary for Business, Industry, and Trade, is one of the Chancellor's principal economic policy advisors. The Department is responsible for striking and extending trade agreements between Sanctaria and foreign countries, as well as for encouraging foreign investment and export trade.
As stated by the Department of Business, Industry, and Trade, its purpose includes, but is not limited to:
- Securing world-class free trade agreements and reducing market access barriers;
- Leading the government’s relationship with business;
- Encouraging economic growth;
- Consumer and competition policy, and corporate governance and responsibility.