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A quickly growing fifth option for foreign companies to set up manufacturing operations in Mexico is to "Outsource" their manufacturing operation to an independent Corporation "Maquiladora". The manufacturing outsource option is a hybrid of both the "shelter" system and traditional "contract manufacturing or subcontracting". The way that the ...
1937 poster celebrating the United States' first foreign trade zone, Staten Island In the United States, a foreign-trade zone (FTZ) is a geographical area, in (or adjacent to) a United States port of entry, where commercial merchandise, both domestic and foreign, receives the same Customs treatment it would if it were outside the commerce of the United States.
From 1942 to 1964, the Bracero program allowed men with farming experience to work on US farms on a seasonal basis, and its end ushered in a new era for the development of Mexico. [3] [4] The Border Industrialization Program (BIP) began in 1965 and allowed for a lowering in restrictions and duties on machinery, equipment and raw materials ...
US imports from Mexico continued to increase in February, according to April 4 trade data released by the Commerce Department. Meanwhile, Chinese exports to the US were down 20% in 2023, compared ...
Samsung, LG may move some home-appliance manufacturing from Mexico to US, paper says. January 21, 2025 at 1:41 AM.
Exclusive: Prima, Mexico-based manufacturing and supply chain integrator, reveals it has raised $42.5 million. Allie Garfinkle. Updated December 6, 2024 at 10:48 AM.
State-owned oil and gas entity controlling much of the Mexican market. The firm was created through the nationalization of all foreign oil companies in Mexico in 1938 and governs oil exploration, extraction, refining, and commercialization in the country.
On February 10, 2016, Carrier Air Conditioner, a division of United Technologies, announced that it was moving its manufacturing operations to Mexico.A cellphone video shot by an employee and posted on YouTube rapidly went viral, making this particular plant closing a national news story, after which Donald Trump made the company's decision to move to Mexico, "a centerpiece of his stump ...