Mexico allows duty-free imports of machinery and equipment for manufacturing as well as components for further processing and assembly, as long as at least 80
Percent of the plant's output is exported. This is called a _______________
Industry.

Question

Quizplus · Accepted Answer

The given industry is called Maquiladora, which is a manufacturing operation in Mexico where companies can import materials and equipment on a duty-free and tariff-free basis, assemble or process them, and then export the finished product. The condition of exporting at least 80 percent of the output is a requirement for Maquiladora operations.

Mexico Allows Duty-Free Imports of Machinery and Equipment for Manufacturing