SSC MTS EXAM

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: -A maquiladora is a factory run by a foreign company, that is given tax advantages and is typically located near the border between the United States and Mexico.

Detailed explanation-3: -The IMMEX program, formally known as the IMMEX maquiladora program, allows foreign manufacturers to import raw materials and components into Mexico, tax and duty free, under the condition that 100% of all finished goods will be exported out of Mexico within a government-mandated time frame.

Detailed explanation-4: -A maquiladora is a low-cost manufacturing operation in Mexico that manufactures goods for export to the United States or Canada. The manufacturing operation capitalizes on the cheap labor force in Mexico and the benefits of the free trade agreement between Mexico, Canada, and the United States.