By Alma Castro Hernández on January 18, 2012
employment, labor, manufacturing, minimum wage, textiles
Business - Economics
The Central American Republic of Honduras has approved setting up new textile units for creating thousands of employment opportunities in the north of the country. Under the ‘maquiladora’, sometimes also called ‘maquila’, arrangement, manufacturing plants import and assemble duty-free components for export. Plant owners take advantage of low-cost labor and pay duty only on the […]
By Catracha Hondurena on September 23, 2010
honduras, textiles
Business - Economics
Textile and apparel products manufactured by the Honduran maquila industry – located in the country’s export processing zones – are facing stiff competition in their biggest traditional market, the US, according to a World Trade Organization (WTO) report. The US absorbs about 75% of all of Honduras’ maquila exports, with enterprises benefiting from preferential trade […]