ABSTRACT

Economic diplomacy involves the interaction between domestic and international levels of negotiation as discussed in Chapter 3 . But it is rather more than two-level in nature. As will soon become apparent to anyone studying trade, investment or other policy areas, there are various levels (or fora) on which the international negotiations take place. Any negotiation has to be seen in the context of the alternative levels/fora available and the relative attractiveness of these alternatives. The choice between the multilateral and the preferential level of negotiations, which is central to the debate on trade, is the best known, but by no means the only case of multi-level economic diplomacy.