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U.S. Commercial Diplomacy

U.S. Commercial Diplomacy. by: Eric Florence. Contents. Overview U.S. National Interest, Policy, Politics Issue: Commercial Diplomacy Policy Proposal Conclusion and Questions. Overview. Commercial Diplomacy

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U.S. Commercial Diplomacy

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  1. U.S. Commercial Diplomacy by: Eric Florence

  2. Contents • Overview • U.S. National Interest, Policy, Politics • Issue: Commercial Diplomacy • Policy Proposal • Conclusion and Questions

  3. Overview • Commercial Diplomacy • “Commercial Diplomacy is diplomacy with a commercial twist – diplomacy designed to influence foreign government policy and regulatory decisions that affect global trade and investment.”

  4. History • Commercial Diplomacy has always been an element of U.S. foreign policy • Treaty of Tripoli, Monroe Doctrine, Open Door Policy, Bretton-Woods

  5. U.S. National Interest • President Obama set a goal of doubling America’s exports within five years • New Trade Agreements (Korea, Panama, Columbia) • Patent System Reform • Improving Infrastructure and Education Programs

  6. Commercial Diplomacy • Agencies at Work • Department of Commerce • Foreign Commercial Service • State Department • Office on Commercial and Business Affairs

  7. Commercial Diplomacy • Agencies at Work • International Trade Administration • Market Access and Compliance (MAC) • Office of the U.S. Trade Representative • U.S. Trade and Development Agency • U.S. Export-Import Bank

  8. Commercial Diplomacy Hillary Clinton’s Impact • Promoting U.S. firms and securing trade deals during overseas visits • Restoring trade relations • Myanmar • Opening and expanding new markets • China

  9. Commercial Diplomacy • Hillary Clinton’s Impact • Ambassador-as-CEO Directive • Prioritizing American businesses abroad • Encouraging US businesses to remain active, competitive • Promises to help U.S. firms “compete and win”

  10. Commercial Diplomacy • What is to come? • Leadership change at State Department • John Kerry • “Foreign policy is economic policy”

  11. Policy Proposal • Continue on course • Sometimes best policy proposal is to stay the course • Secretary Kerry should follow in Clinton’s footsteps • Continue to promote U.S. agenda and U.S. firms abroad

  12. Conclusion • Commercial Diplomacy a long-standing objective of United States • As of late, the State Department has integrated economic objectives with foreign policy objectives • Higher emphasis on commercial diplomacy

  13. Questions?

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