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 Maquiladora Program was developed to foster border region employment rates as well as further attract foreign investment, and a 1989 decree relaxed Mexico’s foreign investment laws even more, allowing maquiladoras to sell up to 50% of their products to Mexican domestic markets.

Detailed explanation-4: -The vast majority of maquiladoras are owned and operated by Mexican, Asian, and American companies. Maquiladoras originated in Mexico in the 1960s, with many of the plants located in the border towns of northern Mexico.