GK
WORLD GEOGRAPHY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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finance development
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Maquiladoras
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trade agreement factories
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import tariff industries
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Detailed explanation-1: -A maquiladora is a low-cost factory in Mexico that is owned by a foreign corporation. Facilities are usually located near the U.S.-Mexico border. These plants assemble products and export them back to the United States and other countries.
Detailed explanation-2: -Manufacturing for Export In 2021, maquiladoras accounted for 58 percent of Mexico’s manufacturing GDP (as well as a majority of the country’s manufacturing exports) and 48 percent of industrial employment.
Detailed explanation-3: -maquiladora in British English (məˌkiːləˈdɔːrə ) or maquila (məˈkiːlə ) noun. a foreign-owned factory in Mexico which uses cheap Mexican labour to assemble products and then exports the products back to the country of origin.