Diplomacy Overview

Diplomacy is the practice of conducting negations between nations as in arranging treaties, artful management in security advantage without arousing hostility, address or tact. Diplomacy is the extension of domestics policy . It is an apparatus of building relationship with other country and achieving national interest.  

According to Bismark, Politics is the art of possible and diplomacy is the art of making impossible possible.

 

Economic Diplomacy is art of serving economic security and strategic interests of the country by the country by the use of economic instrument in conduct of state to state relations.

Economic diplomacy includes building international coalitions to help countries recover from financial crises. It entails convincing host government leaders to apply the policies and measures most likely to strengthen their economics and provide jobs for their people. Tools of diplomacy include sanctions, anti-money laundering and anti-corruption measures enforcement actions.

Economic diplomacy is concerned with economic policy issue. Policy decisions designed to influence exports, imports, investments, lending, aid, free trade agreements etc.

Economic diplomats also monitor and report on economic policies in foreign countries and give the home government advice on how to best influence them.