C. Business and industry relations.

A meeting of a governmental body that deals with business and industry relations is presumptively open under the Alabama Open Meetings Act unless it falls within the statutory exceptions of the Act. A governmental body may convene an executive session to discuss preliminary negotiations involving matters of trade or commerce in which the governmental body is in competition with private individuals or entities or other governmental bodies in Alabama or in other states or foreign nations. Ala. Code § 36-25A-7(a)(7) (Supp. 2005).