Mexico has established export processing zones with special tax,trade and regulatory arrangements for foreign firms.This phenomena is referred to as
A)maquiladoras.
B)haciendas.
C)border cities.
D)NAFTA zones.

Question

Quizplus · Accepted Answer

The establishment of export processing zones with special tax, trade and regulatory arrangements for foreign firms is specifically associated with the maquiladora program in Mexico. Maquiladoras are manufacturing facilities located near the US-Mexico border, which import raw materials and equipment on a duty-free basis and assemble or manufacture goods for re-export primarily to the United States.

Mexico Has Established Export Processing Zones with Special Tax,trade and Regulatory