US poli­cies de­stroy Mex­i­can jobs

The Star Late Edition - - WORLD -

THE DON­ALD Trump ef­fect has de­prived at least 12 000 Mex­i­cans of their jobs at US com­pa­nies based in the bor­der town of Ci­u­dad Juarez be­tween Novem­ber and De­cem­ber, La Jor­nada re­ported on Tues­day.

This is the high­est drop in 16 years, with Mex­ico’s maquila in­dus­try now em­ploy­ing 423 283 work­ers com­pared to last year’s 435 511, ac­cord­ing to fig­ures re­leased by the Mex­i­can In­sti­tute of So­cial Se­cu­rity, IMSS. The Maquiladora As­so­ci­a­tion of Juarez said the loss of jobs is due to the anti-free trade poli­cies an­nounced by the US pres­i­dent, who has even threat­ened to im­pose tar­iffs on com­pa­nies that ex­port goods to the US from Mex­ico. The term maquila refers to US-owned plants along the US-Mex­ico bor­der op­er­at­ing un­der spe­cial US tax and Mex- ican for­eign in­vest­ment reg­u­la­tions.

US-made com­po­nents are shipped to Mex­ico and used to as­sem­ble prod­ucts that are sent back to the US. Set­ting up op­er­a­tions in Mex­ico in close prox­im­ity to US mar­kets helps to lower costs and in­crease ef­fi­ciency.

The rapid growth of Mex­ico’s maquilas has cre­ated huge busi­ness op­por­tu­ni­ties up and down the US-Mex­ico bor­der. Telesur

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