The Maquiladora Export Industry was created in the mid 60’s as an economic response to the increased cost that manual labor had in highly specialized countries like Japan and United States.
On November 1st, 2006, the Mexican Government published a decree to promote the Manufacturing, Maquila and Service Export Industries also known as the IMMEX Decree. The objective of the IMMEX Decree is to strengthen the Mexican export sector and grant some certitude, transparency and continuity to companies’ activities.
The term Maquiladora is popular in the Mexican culture. However, how much do you really know about Maquilas? How well is your company managing its Maquiladora operations? Are you ready for a Customs audit?