Why did US companies establish maquiladoras in Mexico?
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Maquiladora in Mexico. The Maquiladora Program was developed to foster border region employment rates as well as further attract foreign investment, and a 1989 decree relaxed Mexico's foreign investment laws even more, allowing maquiladoras to sell up to 50% of their products to Mexican domestic markets.
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.
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.
- BMW.
- Canon Business Machines.
- Casio Manufacturing.
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.