Maquiladora alert. (New Business).Following a spate of maquiladora ma·qui·la·do·ra n. An assembly plant in Mexico, especially one along the border between the United States and Mexico, to which foreign materials and parts are shipped and from which the finished product is returned to the original market. closures caused by the U.S. economic slowdown and the ever-rising costs of doing business in Mexico, several of the nation's northern border states Border States The slave states of Delaware, Maryland, Virginia, Kentucky, and Missouri that were adjacent to the free states of the North during the Civil War. are taking it upon themselves to offer companies a series of new cost-reducing incentives, according to a Mexico City daily. Via new incentives such as substantial tax breaks, cheap land deals, scholarships and worker recruitment services, states such as Baja California and Nuevo Leon are engaged in a heated competition to attract multi-national and local manufacturing companies. About eight large maquiladoras maquiladoras (mäkē'lädō`räs), Mexican assembly plants that manufacture finished goods for export to the United States. The maquiladoras are generally owned by non-Mexican corporations. based in Apodaca, Nuevo Leon have either closed down or are planning to do so later this year. Meanwhile, a recent survey by Jetro Mexico, reported that no less than 23 Japanese maquiladoras are planning to either reduce their production in Mexico or move out all together in the near future. According to government statistics agency INEGI INEGI Instituto Nacional de Estadística Geografíca e Informática (Mexico) , maquiladoras provided 17% fewer jobs in March this year, compared to the same month in 2001. Over the last year, the 10 states that have suffered the greatest amount of maquiladora closures are: Baja California (237); Sonora (85);Aguascalientes (37); Durango (34); Puebla (29); Chihuahua (28); Guanajuato (24); Coahuila (23); Yucatan (17), and the State of Mexico The State of México (often abbreviated to "Edomex" from Estado de México in Spanish) is a state in the center of the nation of Mexico. The State's capital is the city of Toluca. (10). |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion