Commercial diplomacy

Commercial diplomacy is the practice of using diplomatic efforts to promote and protect a country’s commercial interests in the global marketplace. It involves using diplomatic channels and resources to facilitate trade, investment, and other commercial activities between countries. Commercial diplomats work to remove trade barriers, negotiate favourable trade agreements, and promote their country’s products and services abroad. They also work to resolve disputes between companies and governments, and to ensure that their country’s businesses are treated fairly in foreign markets. Overall, the goal of commercial diplomacy is to create a favourable environment for business and commerce, which in turn promotes economic growth and prosperity.