What trade agreement increased the growth of maquiladoras?

Question

Quizplus · Accepted Answer

NAFTA (North American Free Trade Agreement) allowed for free trade between the United States, Canada, and Mexico, which led to an increase in the growth of maquiladoras. Maquiladoras are factories located along the Mexican border where foreign companies can import materials duty-free, assemble or manufacture goods, and then export them back to the country of origin. NAFTA allowed for easier access to the US market and provided incentives for companies to set up operations in Mexico to take advantage of lower labor and production costs.

What Trade Agreement Increased the Growth of Maquiladoras