commercial diplomacy
The Ugandan ministry of foreign affairs (MoFA) has partnered with Stanbic Bank to conduct financial training for Ugandan diplomats as the country positions all missions for commercial diplomacy. [...] Under commercial diplomacy, Mugoya said, missions abroad are expected to deliver tangible financial benefits in terms of direct foreign investments. -
The Kingdom has much to offer Canadian companies, with major social infrastructure projects underway, a vibrant business community, and an increasing openness to foreign direct investment. [...] Based on experience, commercial diplomacy is the key to restore a more balanced relationship with Riyadh, and this, in turn, will better benefit Canadian businesses.
During his recent campaign, U.S. President-elect Donald Trump revealed little fondness for free trade agreements. But in the Middle East, there is at least one that deserves a second look: the Qualifying Industrial Zones protocol between Egypt and Israel, which, guided by U.S. commercial diplomacy, enhanced cooperation between the two countries beyond traditional security matters and into economic ties.
This renewed “commercial diplomacy” between the United States and Africa in the Obama administration has coincided with a rise in U.S. investment into Africa. Between 2009 and 2013, U.S. goods and service exports to Africa grew 40 percent and totaled $50.2 billion.
Commerce Secretary Penny Pritzker recently returned from Ukraine and Turkey, and she heads next to Japan and South Korea. NPR's Scott Simon talks to her about practicing commercial diplomacy.
U.S. Commerce Secretary Penny Pritzker isn't afraid to travel to hot spots. Recently returned from a mission that took her to Ukraine, Poland, and Turkey, she is ready to enter another volatile area if she thinks her style of "commercial diplomacy" can make a difference.