| |
Simply put a Maquiladora is a Mexican Corporation approved by the Mexican Secretariat of Commerce and Industrial Development (SECOFI) to operate under the maquila program. Once under the maquila program the company is entitled to special customs treatment which allows duty free import of machinery, equipment, parts and materials on a temporary basis. This in combination with NAFTA makes the maquila program ideal for companies who operate assembly type production and export finished product out of Mexico.
|
