Offensive against maquilador employment feared
Ciudad Juarez, Chihuahua.- Law firms specialized in foreign trade are afraid the US Government may resort to charging tariffs and other measures to recover the employment they have lost to maquiladoras.
Some specialists are starting to perceive some danger for Ciudad Juarez economy —which still greatly depends on maquiladoras— from tariffs charged on certain Electrolux products, as well as the announcement of new penalties for exporting jobs and incentives for producing in the USA.
Miguel Angel Diaz Marin, Spokesman of the Mexican Finance Officers Institute, Instituto Mexicano de Ejecutivos de Finanzas (IMEF), said that the US Department of Commerce may consider a subsidy the special treatment given to companies registered under IMMEX Program.
Source: El Diario | Date: 27/03/2012