Texas Border Business
Published by COSTEP.org
Rio South Texas Region represents one of the most important trade zones along the U.S.-Mexico border. Pharr’s International Bridge, just thirteen miles east of Reynosa, Mexico, is a clear example of the continuous flow of merchandise crossings, as evidenced by the forty-two billion dollars in goods reported for 2021 by Luis Bazán, Pharr’s International Bridge Director. Bazán points out how the bridge’s outstanding infrastructure has allowed it to entertain treaties with more than ninety countries.
The Pharr International Bridge connects with Reynosa, Tamaulipas, where manufacturing companies import and export daily through this port.
TRADE NEVER STOPS
Although the Covid-19 pandemic negatively impacted all sectors, in the case of commerce, it has not stopped, neither during nor after the pandemic.
About the value of the product that crosses through this port, Luis Bazán, released the following figures:
2019 $36 billion
2020 $32 billion
2021 $42 billion
As these statistics show, the future seems promising. Trade has withstood adversity, whether that be manifested by crisis in the supply chain, inflation, or other misfortunes, commented Bazán.
A REGION ATTRACTIVE FOR INVESTMENT
What makes the Rio South Texas Region attractive for investment? The answer lies in these key factors:
Location. Strategically located and with near proximity to Mexico. Nearshoring is generating the arrival of foreign companies and making it possible for suppliers to be close to manufacturers.
Road Infrastructure. A well-planned logistical corridor which connects the Pharr International Bridge with manufacturing facilities and roads leading to other states in Mexico, which neighbor Tamaulipas.
Trader Culture. Having Mexico as its neighbor brings the region the competitive advantage that clusters companies producing goods, which continuously allow for “just in time” product delivery.
PHARR INTERNATIONAL
BRIDGE OVERVIEW
No. 1 land port in U.S. perishable goods crossings
No. 3 most important international bridge in Texas
Suppose you are interested in learning more about the advantages of international crossings in the Rio South Texas Region. In that case, the team of experts at COSTEP is in the best position to help and advise you.
We invite you to visit: www.costep.org or contact one of our representatives for more information at info@COSTEP.org. TBB
