Editing Commerce (section)

==Regulation==
{{Main|Commercial law}}
Legislative bodies and ministries or ministerial departments of commerce regulate, promote and manage domestic and foreign commercial activities within a country. International commerce can be regulated by bilateral treaties between countries. After the second world war and the rise of free trade among nations, multilateral arrangements such as the [[GATT]] and later the [[World Trade Organization]] became the principal systems regulating global commerce. The [[International Chamber of Commerce]] (ICC) is another important organization which sets rules and resolves disputes in international commerce.

Where national [[government bodies]] undertake commercial activity with or inside other states, this commercial activity may fall outside the protection of the international rules which govern legal relationships between independent states: see, for example, the "commercial activity exception" applicable under the United States' [[Foreign Sovereign Immunities Act]] of 1976.