Why did US companies establish maquiladoras in Mexico?
Also asked, why are maquiladoras on the border?
Maquiladoras are duty-free factories in Mexico along the U.S. border. They are sometimes referred to as "assembly plants" because much of what they do is assemble parts that come from around the world into finished products, primarily for the U.S. market. The maquiladora program began in the mid-1960s.
Secondly, when did the maquiladoras start? The first maquiladoras were established in 1966 in Tijuana, Baja California and Ciudad Juarez, Chihuahua under what was referred to as the 'Border Industrialization Program'.
Keeping this in consideration, what companies have maquiladoras in Mexico?
Examples of Maquiladoras in Mexico
- 3 Day Blinds.
- 20th Century Plastics.
- Acer Peripherals.
- Bali Company, Inc.
- Bayer Corp./Medsep.
- Canon Business Machines.
- Casio Manufacturing.
Are maquiladoras good for Mexico?
PricewaterhouseCoopers' white paper on maquiladoras in Mexico revealed that maquila facilities are critical to the Mexican economy and are responsible for 65 percent of the country's exports.