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Nearshoring

The practice of moving manufacturing or services closer to a company's main market, often to a neighboring country.

Duty-free treatment

Allows goods to be imported into a country without paying tariffs or taxes at the border.

United States International Development Finance Corporation (DFC)

A U.S. government agency that provides financing for private development projects in lower- and middle-income countries around the world.

Western Hemisphere

The western half of the Earth, including North and South America and the islands of the Caribbean.

Free trade agreements

Treaties between two or more countries that reduce or eliminate certain barriers to trade, like tariffs or quotas.

Supply chains

The entire network of individuals, organizations, resources, activities, and technology involved in the creation and sale of a product, from the delivery of source materials from the supplier to the manufacturer, to its eventual delivery to the end user.

Privatization

The process of transferring ownership of a business, enterprise, agency, public service, or public property from the public sector (a government) to the private sector (private entities).