Economy
Nuevo Laredo (along with Laredo, Texas) is the most important trade border crossing of Latin America (approximately 8500 trucks cross the border each day). Its geographical position has enabled this city to grow and specialize in the international trade business. Nuevo Laredo has a very developed logistics and transportation industry, complemented with a variety of hotel chains, restaurants and a cultural center where events such as the Tamaulipas International Festival take place.
Nuevo Laredo is located on the primary trade route connecting Canada, the United States and Mexico. Both Nuevo Laredo and Laredo, Texas are now the gateway to Mexico's burgeoning industrial complex, offering diverse markets, business opportunities and profit potential, which both business and industry cannot not find anywhere else. Nuevo Laredo is the only Mexico/U.S. border city strategically positioned at the convergence of all land transportation systems. The main highway and railroad leading from Central Mexico through Mexico City, San Luis Potosí, Saltillo and Monterrey join with two major U.S. rail lines at Nuevo Laredo and major American highway Interstate 35, thus offering fast access to the most important metropolitan areas and seaports of Texas, as well as northern states and Canada. For more than a decade, Mexico's economic policies have greatly increased Mexico/U.S. trade and cross-border production in the Nuevo Laredo area.
Seventy percent of all Mexican exports to the United States are exported through Nuevo Laredo. Nuevo Laredo is considered to be the largest inland port in Latin America. There are three bridges in the Nuevo Laredo area: International Bridge #1 (the oldest); International Bridge #2 (also known as Juarez-Lincoln; no pedestrians); International Bridge #3 (also known as the Free Trade or Libre Comercio Bridge; inaugurated in 1999; cargo only). Also the Colombia-Solidarity (Solidaridad) Bridge (located about 20 miles (32 km) NW of the city in Colombia, Nuevo León). There are no urban areas on either side of this bridge.
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Famous quotes containing the word economy:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
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—Friedrich Nietzsche (1844–1900)