CNIMEConsejo Nacional de Industrias Maquiladoras de Exportación (Spanish: National Council of Maquiladora Export Industries; industrial association; Paraguay)
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The CNIME projects exports from the maquiladora sector to reach a record US$90 billion in 2005, up from about US$86 billion in 2004 and US$77 billion in 2003.
CNIME officials said Central American countries not only offer cheaper labor but also better incentives to investors.
CNIME president Humberto Insunza Fonseca said the government's delay in providing information regarding the taxes is typical of its slow approach toward other policies affecting the maquiladora sector.
But CNIME president Humberto Inzunza Fonseca said the industry was hoping for a longer-term solution to the tax situation.
This is a good agreement for Mexico, the maquiladora industry, and the US government because it removes the prospect of unacceptable taxation on the US companies and creates a framework for discussing how the Mexican companies should be taxed in the future," CNIME tax adviser John McLees told The Christian Science Monitor.
This measure would raise production costs of manufacturing and cause us to lose competitiveness to other countries," CNIME president Humberto Inzunza Fonseca told Reuters news service in early August.