Border Economy

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January 1, 1 6 min read Definitions

Maquiladora Twin Plants Manufacturing U.S.-Mexico Trade Duty-Free Tariff-Free Border Economy

Maquiladora, often referred to as twin plants, are manufacturing operations in Mexico, usually near the U.S.-Mexico border, where factories import material and equipment on a duty-free and tariff-free basis for assembly, processing, or manufacturing and then re-export the assembled product to the United States.