Imperatives of international cooperation for economic diplomacy of Ukraine

Abstract

Increased competition in global markets forces producers from different countries to resort to new forms of collaboration with their foreign partners. One of these forms which are increasingly used by actors in international business is the international cooperation as a special type of economic partnership. Its use allowed Germany to take the leading position in the world economy, and therefore this experience is essential for further study. An equally important aspect of modern international economic activity is the support of business entities by relevant state institutions in world markets. As a rule, most of such tools of the state support are related to the economic diplomacy which in the XXI century become an important factor in the success of the country and its business representatives abroad. This article studies certain aspects of the economic diplomacy of Ukraine and defines its interconnection with the use of the practice of international cooperation in the context of their impact on the results of foreign economic activity of Ukraine. It allowed to lead and motivate several proposals on improving the effectiveness of the economic diplomacy of Ukraine.