Negotiating Techniques in Economic Diplomacy

Abstract

In view of the new dimensions to economic diplomacy, diplomats are now required to learn new forms of negotiating techniques in order to achieve economic reciprocity between trading partners in the world—the role of security issues in negotiating techniques—thus, the traditional practice of conducting bi-lateral investment treaties between home and host States should be reviewed—the growth and development of bi-lateral trading arrangements in the olden days, and a comparison of the trade practices between the older and modern days—the new methods of non-monetary payments.