Border Industrialization Program
The Border Industrialization Program (BIP) was established in 1965 by the government of Mexico to promote economic development in its northern border regions. The program aimed to attract foreign investment and create jobs by allowing foreign companies to set up manufacturing operations in designated areas, known as maquiladoras. These factories could import raw materials duty-free, process them, and then export the finished products.
The BIP significantly contributed to the growth of the manufacturing sector in northern Mexico, leading to increased employment opportunities and economic activity. It also fostered cross-border trade with the United States, as many of the goods produced were exported back to the U.S. market.