Mexico

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Program. The BIP allows US and foreign companies to ship components and production equipment into , free of duty, for assembly or processing utilizing Mexican labor.
These Mexican facilities are commonly referred to as Maquiladoras, or in-bond assembly plants.
The BIP sought to attract foreign manufacturing facilities, technology and know-how.
Over the past years, a large portion of US-Mexican trade has been attributed to rapid growth in the Mexican Maquiladora industry.
In 1992, Maquiladora Plants numbered 2,113, employing 469,614 Mexican workers.

The 1980's: the diversification
In order to promote a merchandise trade surplus, which would help service the foreign debt, and offset shrinking oil revenues, Mexico adopted a policy of diversifying its economic base away from petroleum. The government's program of promoting non-traditional manufactured exports was highly successful. Whereas crude oil and oil products accounted for some 75% of Mexican export in 1983, their ...

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