Maquiladoras quit Mexico

Submitted by Daniel_Randall on 23 September, 2004 - 12:00

At least 530 maquiladoras (sweatshops that produce for export) left Mexico between 2000 and 2003 according to a recent report by the United Nations Conference on Trade and Development (UNCTAD).

The maquiladora sector lost 280,000 jobs, a 21% decrease in three years, and foreign direct investment decreased by a third during the same period. Most of the factories left for China, Central America or the Caribbean in search of lower wages than the 45 cents per hour paid in Mexico. The Mexican government is to phase out payroll taxes at the end of the year and virtually end income taxes for maquiladoras in an effort to make Mexico more attractive to international investment.

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