friendshoring

English

Etymology

Blend of friend +‎ offshoring

Noun

friendshoring (uncountable)

  1. (business, economics, finance, politics, diplomacy) The process of moving production to diplomatically friendly or allied foreign locations which have lower production costs.
    • 2023 August 30, “What is “friendshoring”?”, in The Economist‎[1], →ISSN:
      Christine Lagarde, president of the European Central Bank (ECB), noted that the governments of Western countries are increasingly adopting industrial policies that promote “friendshoring” of strategic industries.

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