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(a)Proper documentation is key to international trading among nations. Banks help in preparing and producing these documents to reduce risk and to finance the trade.

(a)Proper documentation is key to international trading among nations. Banks help in preparing and producing these documents to reduce risk and to finance the trade. Critically explain any THREE (3) documents, and discuss how these documents ensure risk reduction and facilitate trade. [Word Limit: 750 words](50 marks)

(b)In 2018, Tesla Inc., an American electric vehicle and clean energy company, established Tesla Giga Shanghai in China. This factory currently produces final assemblies of the Tesla Model 3. What benefits do you think this foreign direct investment could bring to Tesla Inc. Provide at least FOUR (4) benefits and critically explain them. [Word Limit: 750 words] [50 marks]

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