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In foreign relations, the policy of mainting equal distance from the policies of other nations.

This can be to avoid conflict or to gain an advantage in terms of concessions from other nations in return for your support.
Italy maintained a policy of equidistance from 1933 to 1936 by cooperating with Britain and France while tolerating German revisionism of the Treaty of Versailles committing to neither blocs interests.
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Literally everyone, ever. Including the writer of this definition.
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