Economic dependence has begun to affect the intensity, content, and direction of relations among countries in today’s globalized world. The economy played a central role in diplomatic activity, and so the border between diplomatic and traditional political activity began to become less and less important. By liberalizing trade and accelerating the process of globalization, the beginning of the growth of competition in foreign and even domestic markets, so that countries can not play a proactive role in relations with other countries if they do not have a good concept of economic diplomacy. Negotiations on import quotas, tariffs and other conditions for trade in the past meant economic diplomacy, but today economic diplomacy is a broad concept of state procedures and regulations that significantly affect safety, health, environment, consumer protection, health standards, various regulations that relate to services such as telecommunications, accounting, taxes, banking, immigration policy and the like. An important part of the promotion and development of international relations and the economy is economic diplomacy. Some of the main activities it carries out are attracting foreign investment, increasing exports, membership in various international organizations, and the advantage of individual companies and the national economy, as well as the protection of their economic interests. An increasing number of institutions are involved in the implementation and development of goals and measures of economic diplomacy. Some of them are the Ministry of Foreign and European Affairs, the Ministry of Entrepreneurship and Crafts. Ministry of Economy, Office of the President, Government, etc. Diplomatic activities aimed at protecting and advancing the country's economic interests are a model of economic diplomacy.