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DIPLOMACY
sanctions w
inducements
w
financial diplomacy
tool: political
tool: economic
w trade diplomacy
w commercial diplomacy
business end
**prosperity**
Trade diplomacy
Bilateral: FTAs,
EPAs
Multilateral: WTO
(anti dumping)
Tariffs
Export or import
licenses
Import or export
quotas
Trade and
investment barriers
Financial
diplomacy
Currency swap
agreements
Inducements
Bilateral aids:
grants, loans,
debt relief
Exchange-rate
policy
Humanitarian aid
Buying/selling of
government bonds
Granting access
to technology
Freezing assets
Granting
membership of
international
organization
Withholding dues
or payments
Sanctions
Embargo
(exports; states)
Boycott
(imports;
individuals)
Aid suspension
Capital control
Blacklist
ECONOMIC DIPLOMACY
Notes :
Economic diplomacy should be understood in the
broadest sense there are five strands of economic
diplomacy; it should functions at multiple levels:
bilateral, regional, multilateral
It is of importance that economic diplomacy should
be carried out in a coherent, coordinated manner