maquiladora

Noun

Meaning

an assembly plant in Mexico (near the United States border); parts are shipped into Mexico and the finished product is shipped back across the border

Antonyms

Hypernyms

Examples

A maquiladora manufacturer operates by importing raw materials into Mexico either tariff free (NAFTA) or at a reduced rate on a temporary basis (18 months) and then using Mexico's relatively less expensive labor costs to produce finished goods for export. Source: Internet

The industrial sector has shifted since 1993 from a primarily domestic orientation to include free zone ( maquiladora ) manufacturing for export. Source: Internet

Hufbauer's (2005) book shows that income in the maquiladora sector has increased 15.5% since the implementation of NAFTA in 1994. Source: Internet

NAFTA has eliminated all tariffs on goods between the two countries, but for the maquiladora industry significantly increased the tariff rates for goods sourced outside of NAFTA. Source: Internet

The Honduran maquiladora sector, the third-largest in the world, continued its strong performance in 2000, providing employment to over 120,000 and generating more than $528 million in foreign exchange for the country. Source: Internet

The solutions relied on in the past—traditional export crops, the maquiladora assembly industry, and 1980s' development schemes—appear unlikely to provide enough new jobs for a rapidly growing population. Source: Internet

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