In this chapter, the authors will analyze the concept of competencies and their importance as a driver for global trade growth. The relevance of this research is based on the approach to theories of organizational innovation articulating them with the theories of competencies development. To formulate the research problem, two analytical dimensions were considered: innovation and competencies anchored to the following research question, What are the innovation competencies that can boost global trade? Based on the literature review of recent research (2013-2017), the authors investigated and identified the competencies needed to develop a culture of innovation in organizations. The main goal of this study is centered on the research of more relevant competencies which can contribute to organization innovation processes and develop global trade.