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Commercial diplomacy is a unique profession that requires advanced specialized training, a formal qualification and professional accreditation. Diplomacy designed to influence foreign government policy and regulatory decisions that affect global trade, intellectual property, international arbitration and investment. In the past commercial diplomacy concerned itself largely with negotiations on tariffs and quotas on imports.
In today's more interdependent world, commercial diplomacy cover a far wider range of government regulations and actions affecting international commerce, including standards in health, safety, environment, and consumer protection; regulations in banking, telecommunications and accounting; competition policy and laws concerning bribery and corruption; agricultural support programs, and industrial subsidies. Commercial diplomacy encompasses the whole analysis, advocacy, coalition-building and negotiation chain that leads to international agreements on these trade-related issues.
Commercial Diplomacy Curriculum
A comprehensive training programme in commercial diplomatic practise calls for courses and significant relevant experience in many different disciplines, including but not limited to; international investment policy, international investment arbitration, politics, international trade policy and trade negotiations, public and judicial diplomacy, understanding corruption and economic crime, international trade arbitration, international commercial policy and arbitration, foreign and intercultural relations, international security and defence measures, diplomatic protocol etc.
Practitioner' knowledge becomes deeper, and not just broader, as they progress through the specialised qualifying programme. An ability to integrate the many dimensions into a multifaceted strategy that advances stakeholder interests is a critical aspect of commercial diplomatic practise and service. |
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"Skilled people are our basic asset. They command better wages, get more out of work and rise higher. They are more productive and create better businesses and organisations." Lord Mandelson
Anti-Corruption
"Corruption undermines democratic institutions, retards economic development and contributes to government instability.".
UNODC
UN Office on Drugs and Crime
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