maquiladora definition

maquiladora

Mexican 'twin plant' manufacturing program under which specialized production facilities (usually straddling the US-Mexican border) can import components duty-free for in-bond storage, assembly, and subsequent re-export. Established in 1965, this scheme generates employment for cheap Mexican labor and is Mexico's largest foreign exchange earnings after oil exports. From Mexican-Spanish 'maquilar,' to assemble.

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