Three Elements Of Economic Diplomacy

1. Commercial diplomacy and NGO's: The use of political influence and relationships to promote and/or influence international trade and investment, to improve on functioning of markets and/or to address market failures and to reduce costs and risks of cross border transactions(including property rights). 

2. Structural policies and bilateral trade and investment agreements: The use of economic assets and relationships to increase the cost of conflict and to strengthen the mutual benefits of cooperation and politically stable relationships, i.e. to increase economic security.

3. International organizations: Ways to consolidate the right political climate and international political economic environment to facilitate and institute these objectives.