The Romanian, Bulgarian and Hungarian Economic Diplomacy in the Context of EU-USA Bilateral Negotiations

Abstract

The concept of economic diplomacy is rather new for the practitioners of the traditional foreign policy of the states across the Globe. From an European perspective in the context of the currently negotiated free trade agreement with the USA, this emerging diplomatic type becomes the central point of the national 28 Member States Agendas, situation that is also valid for Romania and its two EU neighbors – Bulgaria and Hungary. Even though form an economic point of view these three European countries don’t share similarities concerning their transatlantic relations with USA, the three diplomatic agendas and the internal institutional structure is similar. The outcome of practicing a fair economic diplomacy on the American territory follows the same aim – attracting investments, promoting trade and the internationalization of the small-and-medium –sized enterprises. Even if the negotiations of the Transatlantic Trade and Investment Partnership (TTIP) are not close to be ended, these three countries seem to have acquired one of the most valuable lessons –replacing the traditional diplomacy with technology and new practice styles, together with reorienting the activity of the national responsible institutions towards international actions, transatlantic actions.