Maquiladora
Tariff-free factory in Latin America / From Wikipedia, the free encyclopedia
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A maquiladora (Spanish: [makilaˈðoɾa]), or maquila (IPA: [maˈkila]), 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. These factories and systems are present throughout Latin America, including Mexico, Paraguay, Nicaragua, and El Salvador. Maquiladoras date back to 1964, when the Mexican government introduced the Programa de Industrialización Fronteriza ('Border Industrialization Program').[1] Specific programs and laws have made Mexico's maquila industry grow rapidly.[2]