MEXICO: New Rules For Maquiladora Programme
The Mexican government has announced tariff changes for its Maquiladora Programme to remove contradictions with related provisions of the North American Free Trade Agreement (NAFTA). The new rules will take effect on 1 January 2001. Maquiladoras will no longer be accorded tariff exemption on their raw materials and machinery imported from outside NAFTA, if the finished goods are to be sold within the NAFTA region (the US, Canada, and Mexico). The Mexican government, however, will launch a sectoral promotion programme, effective 20 November 2000, to assist maquiladoras in their procurement of essential parts and machinery from outside NAFTA. This programme will allow maquiladoras of selected industries to import raw materials and machinery at reduced tariff rates ranging from zero to 25 per cent. Twenty industries have been grouped under this programme, including textile and apparel; footwear; electrical items; electronics; furniture; toys; sporting goods; photographic products; leather; and autoparts.Debuted in 1965, the maquiladora programme allows companies to import duty-free raw materials and machinery needed for the assembly and production of finished goods for exportation. There were more than 4,700 maquiladoras as of June 2000 and collectively they contributed to almost half of Mexico's total exports of $137bn in 1999.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-style gives you the widest apparel and textile market coverage.
Paid just-style members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
Help test our new apparel sourcing tool.
- China leads US apparel sources with falling prices
- Hard hit Turkish industry is not knocked out
- Vietnam grows share of US apparel imports in 2016
- US apparel sector braces for potential cost hikes
- "Power of the many" drives change at Otto Group
- US Q4 in brief – Chico's FAS, TJX Companies
- Bangladesh crackdown has cost garment sector $100m
- Adidas and Burberry recognised for sustainability
- VF Corp sees Q4 and FY earnings tumble
- Macy's will "do the right thing", says Lundgren
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Outdoor performance apparel 2016: A broader perspective
- Technical textile markets: product developments and innovations, December 2016
- Global market review of lingerie – forecasts to 2022
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar