Important geopolitical trend impacting global trade

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Question

"Friend shoring" is an important geopolitical trend impacting global trade. Which of the following statements best describes this idea?

It refers to showing trade preferences and establishing supply chain networks with politically aligned trading partners It refers to fostering more friendly relationships among WTO members It is the same as nearshoring where companies relocate manufacturing operations closer to their major markets It refers to attempts at making trading partners like China our closest friend and ally.

Reference no: EM133774515

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