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With the introduction of NAFTA in 1994, Northern Mexico became an export processing zone. This allowed multinational corporations from the US to produce products cheaply. Corporations could use a maquila to import materials and produce a good more cheaply than in the US by paying Mexican laborers lower wages and paying less in duti
An export-processing zone (EPZ) is a specific type of FTZ usually set up in developing countries by their governments to promote industrial and commercial exports. According to the World Bank, "an export processing zone is an industrial estate, usually a fenced-in area of 10 to 300 hectares, that specializes in manufacturing for export.
The four governmentally owned are Cavite Economic Zone, Bataan Economic Zone, Mactan Economic Zone and Baguio Economic Zone. Some of the more well-known Economic zones are the Clark Special Economic Zone, and Subic Economic Zone, former military bases of the United States of America. Some of the over 200 SEZs in the Philippines are as follows:
Centenary Economic City. Enugu Industrial Park (Free Zone Status), also known as, ENPOWER [6] Kano Free Trade Zone. Ibom Science & Technology Park Free Zone. Lekki Free Trade Zone. Maigatari Border Free Trade Zone. Nigeria International Commerce city. Onne Oil and Gas Free Trade Zone. Ogun-Guangdong Free Trade Zone.
Terms include free port (porto Franco), free zone (zona franca), bonded area (US: foreign-trade zone), free economic zone, free-trade zone, export processing zone and maquiladora. Most commonly a free port is a special customs area or small customs territory with generally less strict customs regulations (or no customs duties or controls for ...
Coffee growing regions areas of Mexico. The coffee production in Mexico is the world's 8th largest with 252,000 tonnes produced in 2009, [1] and is mainly concentrated to the south central to southern regions of the country. The coffee is mainly arabica, which grows particularly well in the coastal region of Soconusco, Chiapas, near the border ...
A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include increasing trade balance, employment, increased investment, job creation and effective administration. To encourage businesses to set up in the ...
Exclusive economic zone of Mexico. Mexico 's has the 13th largest exclusive economic zone with a total surface area of 3,269,386 km 2 (1,262,317 sq mi), [1] and places Mexico among the countries with the largest areas in the world. [2] When including the land area of 1,972,550 km 2 (761,610 sq mi) [3] it puts Mexico's total territory at ...