GK
INTERNATIONAL ORGANISATIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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North Atlantic Treaty Organization
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Workers Organization
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North American Free Trade Organization
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Organization of Petroleum Exporting Countries
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Detailed explanation-1: -The maquiladora program is considered one of the largest foreign exchange earners in Mexico. When the North American Free Trade Agreement (NAFTA) was ratified in 1994, it gave the maquiladora program a boost with multiple incentives and tax benefits.
Detailed explanation-2: -Like in its early days, the competitiveness of the maquiladora continued to be rooted in low-cost migrant labor. NAFTA, in concert with economic reforms pursued by the neoliberal regime of President Salinas, killed agricultural production and increased economic hardship.
Detailed explanation-3: -In 1993 the United States, Mexico, and Canada adopted the North American Free Trade Agreement (NAFTA), which created the “Free Trade Zone” among the countries. This led to new American-owned assembly plants in Mexico and greater trade between the two countries.
Detailed explanation-4: -Following adoption of the North American Free Trade Agreement (NAFTA) in 1994, maquiladora activity became increasingly correlated with U.S. manufacturing production and, thus, susceptible to recessions and expansions north of the border.