maquiladora

maquiladora definition - business

maquiladora

A foreign-owned manufacturing plant in Mexico, generally near the border. Maquiladoras typically import materials and equipment duty-free and use low-paid employees to manufacture and export finished products or semifinished products.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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