Independent and Self Regulatory
The new unique class of career professionals - the Commercial Diplomats have emerged from the requirements for policy coordination and negotiation among nations on issues affecting global trade, investment, commerce and international arbitration.
The training of this new unique class of career professionals has been haphazard at best and has relied largely on a defacto apprenticeship system that generates neither enough qualified nor sufficiently well trained professionals. This gap between the demand and supply of qualified and certified career commercial diplomats has to be met through dedicated training programmes focused on the skills and knowledge required of competent professionals in the field.
Commercial Diplomat - The title
Commercial Diplomacy is a unique profession that requires all the finesse and knowledge of traditional, intercultural and judicial diplomacy. In addition it requires an in-depth knowledge of commercial and macroeconomic analysis of policy issues ranging from health and the environment to the prudential supervision of insurance, contemporary international investment policy-making, social responsibility, the prevention of corruption, the politics of trade and foreign investment, national trade laws and global trade rules, international arbitration and public diplomacy.
Another, but very significant consideration was that the title 'Commercial Diplomat' is a generic term and there is nothing to stop anyone identifying themselves as 'Commercial Diplomat' which, consequentially, does not distinguish the skilled, competent and accredited practitioner from the unskilled and this could be detrimental.