Mexican President Felipe Calderón opens Juárez Competitiva

From the El Paso Times - By Alejandro Martinez-Cabrera - Juárez - Mexican president Felipe Calderón inaugurated Juárez Competitiva, a two-week industry promotion event, by announcing a tax break extension to the manufacturing plants in the city on Thursday. The tax break, which was set to expire in December, was stretched till the end of 2013 and will help promote economic growth in Juárez, Calderón said. "This decree will nourish the maquiladora industry," he said. "It will allow companies to invest with a medium-term perspective. They will count with the resources to strengthen their investments and generate jobs." Calderón kicked off the event in a ribbon-cutting ceremony along with Chihuahua Gov. Cesar Duarte, Juárez Mayor Hector "Teto" Murguía, Mexico's Secretary of Economy Bruno Ferrari, U.S. Ambassador to Mexico Anthony Wayne and Juárez Competitiva coordinator Carlos Chavira. Afterward, Juárez Competitiva organizers gave Calderón a quick tour of the facilities to show him some of the products manufactured in the city, including televisions, furniture, race karts and robots. Read more

Mexican President Felipe Calderón opens Juárez Competitiva