"....an ambassador's job is government to government primarily, but it's also to be a commercial diplomat"
Amb. Anthony Harrington
.
'In many significant offshore financial centres, specialist commercial judges exist where formal specialist courts do not'
The Hon. Justice L. Kawaley
Commercial Judge
Supreme Court,
Bermuda
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A large part of the foreign secretary's job is commercial diplomacy, a major part of foreign policy and should be done extremely well
- Vince Cable, UK Business Secretary
.
Commercial diplomacy is an important component of the FCO's wider prosperity agenda, which brings together all the actions that it takes globally to support the UK economy
- Rt Hon. Lord Howell of Guildford
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Accredited Commercial Diplomat
Basic Role of the Commercial Diplomat in Commercial Diplomatic Services
The role of Commercial Diplomat is neither political nor honorary, it is a uniquely dynamic role and value-added function of the highly-trained expert, highly-skilled specialist, highly-knowledgeable practitioner and highly-competent scholar, appropriately trained, examined, assessed, authorised, accredited and impactfully regulated by the only extraterritorial regulatory body with the pioneering authority to examine, qualify, certify, recognise, accredit, fully register and better impactfully regulate high-quality accomplished learned commercial diplomatist.
- The commercial diplomat is expected to understand the factors that must be considered in analyzing a policy issue in international trade, investment and commerce, and how the skills-based knowledge of commercial diplomacy can be applied. While practitioner's understanding of international trade policy process must cover the basic steps and the predominant actors in the process, including how to use commercial-judicial diplomatic skills and knowledge to formulate or influence the formulation of policies in international trade, investment and commerce.
- The practitioner's understanding of commercial-judicial diplomacy must cover the factors that must be considered in analyzing a policy issue in international trade, investment and commerce, and how the skills-based knowledge of commercial-judicial diplomacy can be applied.
- In the global trading system, the highly-skilled practitioner will be expected to be familiar with, and understand the history, nature, and scope of the WTO, and the structure for international trade, investment and commerce, and also, be able to analyse international trade, judicial and political issues. He will be expected to be able to define trade policy issues, covering the challenges, complexities, barriers, burdens and risks involved in defining the trade problem for policy action or negotiation.
- The practitioner should be highly-skilled in the use of economic data, especially, in commercial diplomatic services, covering the analysis of the domestic economic impact of a trade policy measure, including the impact on prices, trade, production, productivity, wages, and consumer welfare using back-of-the-envelope calculations.
- The practitioner should be highly-skilled in analysing trade-related domestic policy, covering the identification and analysis of the domestic policies related to a trade problem and the reconciliation of domestic and international trade policy objectives and responsibilities.
- Also, in commercial, economic, political and judicial analysis, covering the analysis of domestic laws and international trade rules that apply to an identified trade problem, the highly-competent practitioner should be able to determine what laws or trade rules can be invoked to solve an international trade problem, and whether a solution to the identified problem requires a change in a domestic law or regulation, or negotiation of a new international agreement or trade rule.
- He should be highly-skilled in political analysis, covering the identification of stakeholders, their interests, and their options for using the political process to influence the decisions of policy makers and trade negotiators.
- The practitioner should be familiar with the preparation and implementation of a successful strategy for achieving desired policy objectives.
- The practitioner should be efficient in providing the conceptual analytical framework for the analysis of a commercial diplomatic issue, trade problem, or trade policy goal and be advanced in the development of a research strategy for the obtaining of the data and information necessary to carry out a comprehensive analysis of an issue and be able to pull together the results of each element of the analysis into an Analytical Framework chart.
- In communicating the message, he should be able to use effective communication as a professional tool, which should cover the preparation of written documents.
- The efficient practitioner should be effective in targeting an audience, representing the positions of an organization, and properly structuring and organizing each type of documentation.
Why Becoming an Accredited Commercial Diplomat?
- international accreditation enhances employability,
- international accreditation distinguishes accredited commercial diplomats as standout practitioners in the global commercial diplomatic landscape, sector and sector-specific services.
Preparation Programme and Essential Examinations
- The MQCP Preparation Programme has been designed to prepare prospective practitioner-candidates for the MQCE Essential Examinations.
- Prospective, aspiring and existing experienced unaccredited professionals will have the opportunity to cover a range of core related-relevant sector-specific topics and to specialise in commercial diplomatic practice, depending on eligibility, suitability and qualification.
- The MQCP Preparation Programme has been developed specifically for prospective practitioners and experienced participating-professionals, to be delivered by ACCD-CDRA's approved vocational education and training providers.
The Committed Commercial Diplomat
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. Commercial Diplomats are committed members of a new unique class of professionals in an appropriately regulated unique profession. Being a recognised and qualified, an approved, authorised, accredited, registered and appropriately regulated commercial diplomat requires all the finesse, skills-based knowledge and specialisms-based expertise of international trade-related policy and traditional, commercial and judicial diplomacy.
Accredited commercial diplomats are regulated under the Commercial Diplomatic Code which incorporates all these applicable adopted rules, principles, models, conventions, codes and regulations. These specialism-based experts and passionately driven practitioners are highly-disciplined, integrity-driven, highly-proficient and highly-influential members of the new uniquely dynamic class of learned accomplished professionals that bring proven significant practical wealth of experience from across a diverse range and spectrum of related-relevant sector-specific services.
The accredited commercial diplomat will have acquired the necessary skills and techniques, and learn the multi-disciplinary approach to responsible commercial diplomatic leadership, and get equipped to deal with the demands of the more challenging, burdensome, complex, and disruptive trade, investment and commerce-related environment of the future.
The effective engagements, communications and connections by the commercial diplomat, through diplomatic institutions, missions and other offices should help in liaising consistently with the principals in related-relevant sector-specific institutions and services, especially international trade and investment, commerce and industry, agriculture and natural resources, maritime services, foreign trade relations, and other diplomatic sectors. In addition to all these, the status as commercial diplomat or commercial diplomat-in-chief should allow for outreach into all economies.
In addition to policy analysis, facilitation, negotiation, promotion and advocacy issues, arbitration and mediation functions also comprise a significant aspect of the commercial diplomat's remit, particularly with regard to the resolution, settlement and management of international trade, investment and commerce-related disputes, the promotion of trade and investment, commerce and industry, agriculture and natural resources (including agricultural products), maritime affairs opportunities are central to the purpose of appointing or having a high-ranking official in the rank of accredited commercial diplomat or commercial diplomat-in-chief as representative of State, multinational corporation, multilateral organization, diplomatic institution or central, commercial, investment and regional banks.
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