Kumar Sano’s scientific contributions

Economic diplomacy plays a pivotal role in shaping the trade and investment strategies of nations in an increasingly globalized world. In the face of growing economic interdependence and complex global challenges, countries must adopt strategic approaches to promote their national interests in international trade and investment. This paper explores the evolving nature of economic diplomacy and its impact on global economic relations. It examines how countries leverage diplomatic channels, trade agreements, and bilateral partnerships to enhance their economic influence and secure valuable investments. In an era of rapidly changing economic dynamics, economic diplomacy goes beyond traditional trade negotiations. It involves a broad range of activities, including promoting exports, attracting foreign direct investment (FDI), establishing trade partnerships, and fostering international cooperation in addressing economic challenges such as climate change and sustainable development. Countries must navigate complex trade barriers, competition, and geopolitical tensions while striving to protect their economic sovereignty and secure beneficial agreements. This paper discusses key strategies used in economic diplomacy, such as multilateral and bilateral trade negotiations, public-private partnerships, and the role of international institutions in supporting economic goals. Additionally, it highlights the growing significance of digital diplomacy and the integration of technology in trade and investment activities. By analyzing case studies of successful economic diplomacy initiatives, the paper provides insights into best practices for enhancing trade relations, attracting investment, and fostering economic growth. Ultimately, economic diplomacy is an essential tool for countries seeking to strengthen their position in the global economy.