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A maquila in Mexico. A maquiladora (Spanish: [makilaˈðoɾa]), or maquila (IPA:), is a word that refers to factories that are largely duty free and tariff-free.These factories take raw materials and assemble, manufacture, or process them and export the finished product.
As a result, the US and Mexican governments agreed to The Border Industrialization Program, which permitted US companies to assemble product in Mexico using raw materials and components from the US with reduced duties. The Border Industrialization Program became known popularly as The Maquiladora Program or shortened to The Maquila Program.
Amid shifting geopolitics and competition, US and Chinese companies both see potential in Mexican manufacturing: Low labor costs, geographic proximity to American markets and the US-Mexico-Canada ...
In addition, the Matamoros–Brownsville Metropolitan Area has a population of 1,387,985, [7] making it the 4th largest metropolitan area on the Mexico–US border. [8] Matamoros is the 39th largest city in Mexico and anchors the second largest metropolitan area in Tamaulipas.
Nogales' proximity to the U.S. and the abundance of inexpensive labor make it an efficient location for foreign companies to have manufacturing and assembly operations. Some of the companies that have established maquiladoras in Nogales include: Otis Elevator, The Chamberlain Group, Walbro, and Philips Avent. Production and export
Nogales' proximity to the U.S. and the abundance of inexpensive labor make it an efficient location for foreign companies to have manufacturing and assembly operations. Some of the companies that have established maquiladoras in Nogales include: Continental AG, Amphenol Corporation, The Chamberlain Group, Walbro, ABB, Javid LLC.
Location of Mexico. Mexico is a federal republic in the southern half of North America. Mexico has the fifteenth largest nominal GDP and the eleventh largest by purchasing power parity. The Mexican economy is strongly linked to those of its North American Free Trade Agreement (NAFTA) partners, especially the United States.
This list displays all 4 Mexican companies in the Fortune Global 500, which ranks the world's largest companies by annual revenue. The figures below are given in millions of US dollars and are for the fiscal year 2018. [3] Also listed are the headquarters location, net profit, number of employees worldwide and industry sector of each company.