Economics is of prime importance to the state, because economic relations are conditioned by the very formation of the state, as well as its further development and progressive progress. The countries were referred to economic cooperation, so that the development of diplomacy also developed economic diplomacy. Economic diplomacy gets its full meaning in modern diplomacy of the 20th century. It represents a set of negotiation and performance skills in the international community, as well as the collection of information of importance for the economy of the state, that is, of companies of national importance, in order to achieve what better position in the world market. The subject of the analysis of this paper is defining, genesis, functions, role, goals of economic diplomacy, as well as its status in the dilemma activities of states in the contemporary international community. The paper points to the fact that economic diplomacy has become an indispensable part of contemporary diplomacy through which the national interests of the states are realized. A special consideration is given to the economic diplomacy of Bosnia and Herzegovina, pointing to the difficulties in its economy, and the need for its diplomatic activity in the international community to rectify its not only the political situation, but also the economic situation.

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