The impact of economic diplomacy on promoting foreign trade in non-hydrocarbon sectors case study Ministry of Commerce (Relations with the EU)
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Date
2018-06
Journal Title
Journal ISSN
Volume Title
Publisher
Ecole des Hautes Etudes commerciales
Abstract
oday’s world economy is characterized by an intense competition between countries in a
pursuit to be the most influential on an international level, one of the ways to do so is to master
economic diplomacy. Economic diplomacy is designed to influence policy and regulatory
decisions of foreign governments, as well as those of international organizations through the
application of technical expertise which analyzes the effects of a country's economic situation on
its political climate and on economic interests.
Furthermore, the practice of economic diplomacy in Algeria is the most straightforward tool
in promoting foreign trade especially in the non-hydrocarbon sectors which is also considered a
solution for reviving the economy, given the fact that it relies almost solely on hydrocarbon exports
revenues. From this perspective, economic diplomacy can act as a medium between the local
businesses in Algeria and the target markets through the accompanying and support as well as the
promotion of Algeria’s label on an international scale
Description
Keywords
Diplomacy, Economy, Foreign trade, Non-hydrocarbon exports, Diplomatic relations