Mexico Manufacturing Industry – A Rising Star Sector
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Mexico has been one of the emerging markets and star economy sector in the world. Both domestic and international Mexico manufacturing has been always improving. After the ‘Bracero program’ was signed between United States and Mexico, Mexico manufacturing sector grows rapidly. Companies from United States started setting up their assembly in Mexico because Mexico had plenty of raw materials available.
The duties levied on the companies had also been relaxed between these countries. This program was called as ‘The Border Industrialization Program’. With the implementation of NAFTA called as North American Free Trade Agreement, Mexico manufacturing has tripled.