All aspects of daily life are regulated by law and this happens even with the companies and between countries, the branch of law that is responsible for monitoring and controlling the behavior of any entity, country or international company is the law international.
In turn, international law can be divided into groups, when regulating the affairs of any country or state to a citizen, a company or other private company and country or when governing relations or acts that take place between people or companies.
Regulatory agencies and international trade law
In the same way that trade within a country needs a regulation that would ensure that it is conducted in the most appropriate manner to all stakeholders in international trade there is the same need. In this case the adjustment is carried out through international treaties, which are monitored and enforced by the signatory countries and different agencies that regulate them. Organisms those are more involved with The World Trade Organization and The World Bank, although there are others such as the UN and regional organizations such as The European Central Bank.
Compliance with treaties and agreements regulating trade is monitored by the countries, which must establish domestic laws that permit compliance. However, there are cases in which they draw on faults such treaties or those who have no power to judge because one of the parties is governed by foreign laws. In these situations, countries, companies or agencies protesters can make use of the different mechanisms and presentation of disagreements before the World Trade Organization.
Crimes in international law
As in any activity where two or more figures, whether governments, companies or individuals in international law can be given a series of crimes are related. In terms of the most common trade are:
Contraband: This is possibly the best known crime and consists of introducing a good illegal or illegally to another country. To combat this crime each country creates customs laws that suits you best, but usually the trader who enters the goods is required to submit all documentation of goods.
Grants: The country knows that one of the requirements for its economy to grow is the foreign trade and to provide this to their employers provide financial aid. However, there are some situations where this can get to be considered an offense if the country in question provides a range of grants to allow their businesses to sell their products at prices far below those handled in the target market, affecting significantly to other countries.
Commercial Locks: Whether carried out by a country or a group of countries against the goods of another or others, this is a crime that undermines the economy of the country concerned and must be solved by independent international bodies such as the World Trade Organization.
International law, a need for constant change
The world trade is a key element for all countries, but if you do not have laws that can generate the growth needed doors open to a large number of problems and conflicts. For this reason, the international trade requires that international law will evolve as fast as they do the acts of trade and the crime associated with them, regardless if they are between individuals or if the countries are the direct participants.