noun
- Manufacturing plants, typically located in Mexico near the U.S. border, that assemble imported components into finished goods for export, often with reduced tariffs.
Usage: plural form; singular is maquiladora; primarily used in economic and trade contexts; Spanish origin, commonly used in English business discourse
Examples
- Many maquiladoras in Ciudad Juárez produce automotive parts for major U.S. manufacturers.
- The growth of maquiladoras along the Mexican border has created thousands of jobs.
- Maquiladoras benefit from special trade agreements that reduce import and export duties.
- Workers in maquiladoras assemble electronics and textiles for companies worldwide.
- The maquiladora industry has been a significant part of Mexico's economy since the 1960s.