American and Mexican Companies Form Maquiladoras
At a glance:
- Series: Great Events from History II: Business and Commerce Series
- Categories: Diplomacy, International Relations, Foreign Affairs, Economics
- Subcategories: Business, Industry, Manufacturing, Factories
- Curriculum: American History 1951-present, Latin American History
- Geographical Location: Washington, D.C., Mexico
- Date: 1965
Article abstract: In the mid-1960’s, the Mexican and American governments encouraged formation of a series of factories along their border to provide economic boosts to cities on both sides.
Summary of Event
In 1965, Mexico’s minister of industry and commerce, Octaviano Campos Salas, proposed the establishment of a tariff-free zone along the United States-Mexico border. President Gustavo Díaz Ordaz wholeheartedly supported the idea. That marked the beginning of the maquiladoras program, officially known as the Border Industrialization...
[The entire page is 2887 words long]
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