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Definition of Trade diversion
1. Noun. (economics usually negative) The changing of import sources as a result of political agreeements, rather than to increase mutual benefit. ¹
¹ Source: wiktionary.com
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1. Noun. (economics usually negative) The changing of import sources as a result of political agreeements, rather than to increase mutual benefit. ¹
¹ Source: wiktionary.com