which of the following is a maquiladora course hero

What is a maquiladora?

A maquiladora is a mode of manufacturing in Mexico that is established by a foreign company, involving the export of the manufactured goods to the company’s country of origin. The factories benefit from duty-free and tariff-free imports of raw materials, machinery, and equipment to be used in the manufacturing process.

How did the Maquiladora program help Mexico?

The maquiladora program aimed to strengthen the Mexican economy and boost industrial growth by allowing foreign-owned companies to establish factories in Mexico. Foreign factories would also benefit from a vast supply of cheap labor from skilled Mexican workers while also earning foreign exchange for Mexico’s developing economy. ...

What is shelter category?

The shelter category includes registered Mexican companies that agree to take legal risks and any arising liabilities from manufacturers operating under its IMMEX registration. The program allows foreign companies that provide production materials and manufacturing technologies to do business in Mexico without registering with IMMEX.

What are the laws that a maquiladora must comply with?

The main federal tax laws that maquiladoras are required to comply with include the Income Tax law and Assets Tax Law. The income tax law evaluates the company’s profits and employee withholding, and the company must submit payments to the tax authorities by the eleventh day of each month.

Why did Maquiladoras capitalize on the cheap labor force in Mexico?

Maquiladoras capitalize on the cheap labor force in Mexico while transferring manufacturing knowledge to the Mexican labor force. Such an arrangement also allows manufacturing companies to enjoy the benefits of free trade agreements while maintaining a domestic administration facility.

What is the Mexican currency?

Mexican Peso (MXN) Mexican Peso (MXN) The Mexican Peso is the national currency of Mexico and is abbreviated as MXN.

How long did the Bracero program last?

The Bracero program lasted from 1942 to 1964, and it allowed skilled farm workers to work on U.S. farms seasonally. Unemployment Unemployment is a term referring to individuals who are employable and actively seeking a job but are unable to find a job. Included in this. after the Bracero program ended.