MEXICO: US Slowdown Hits Textile Production Plants
Around 70,000 people have lost their jobs in the country's assembly industry, which includes the textile industry, due to the slowing US economy. For decades, the installation of assembly plants on the Mexican border has boosted the economic development of this part of the country. But now the economic slowdown in the US, the main market for textile products in Mexico, and the strength of the peso have put the industry in jeopardy.
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