Economic diplomacy has developed thanks to globalization, which has improved international relations and the economy of the world in general. The progress of trade, the faster movement of capital, the creation of new jobs and the progress of technology are just some of the positive effects of globalization. Globalization as a process includes not only economic and political elements but also technological and cultural factors. This is why economic diplomacy becomes very important for countries that want to protect their interests, increase exports and encourage foreign investments. Economic diplomacy is not only related to the economic system and the cooperation of states, but is also important for the protection of people and the protection of the environment. With the help of economic diplomacy, countries have a great opportunity for growth and development. International organizations play one of the most important roles in economic diplomacy. By participating in international organizations, states have the opportunity to ensure the stability and security of their economy. One of the most famous and important is certainly the World Trade Organization, which resolves trade disputes among its members. Every country should have a clear and correct model of economic diplomacy in order to succeed in its international goals. In today's world, economic diplomacy has become a necessary tool for every country because economic progress is largely dependent on international cooperation.