Trade
Nearshoring
Also known as: Near-shore manufacturing, Proximity sourcing
A strategy of relocating production operations to countries geographically close to the target market to reduce logistics costs and supply chain risks.
Also known as: Near-shore manufacturing, Proximity sourcing
A strategy of relocating production operations to countries geographically close to the target market to reduce logistics costs and supply chain risks.
Nearshoring is a business strategy of relocating manufacturing or service operations to countries geographically close to the main consumer market. Mexico has become the primary nearshoring beneficiary from the U.S., thanks to USMCA, its industrial infrastructure, and geographic proximity.
USMCA (T-MEC)
Trade agreement between the United States, Mexico, and Canada that replaced NAFTA in July 2020, governing trade, investment, and intellectual property rules.
TradeMaquiladora
A manufacturing facility in Mexico that temporarily imports raw materials, components, and machinery for processing or assembly and re-exports the finished product, generally operating under the IMMEX program.
RegulationsIMMEX (Maquiladora Program)
Mexican government program that allows temporary duty-free import of goods for manufacturing, assembly, or repair for export.
LogisticsSupply Chain
An integrated network of organizations, people, activities, information, and resources involved in creating and delivering a product, from raw materials to the end consumer.
TradeSpecial Economic Zone
A delimited geographic area within a country with preferential fiscal, customs, and regulatory regimes designed to attract investment, generate employment, and promote regional economic development.