Authorities from the city of Laredo are touring Central America, promoting their city as a logistical center for the region.
Laredo manages 12.000 containers a day, it is the sixth largest customs district in the U.S. and handles 60% of all Mexican exports.
Héctor Vargas, city representative, explained: "We manage the U.S. central corridor, which starts in Laredo, Texas (Mexican border) and ends in Canada.
The extended exemptions from paying taxes in Guatemala haven't been effective for attracting foreign direct investment (FDI).
The 11 billion quetzales (about 1.458 billion dollars) in tax revenues that the government has decided to forego have not achieved the goal of attracting more capital.
A study released Tuesday says that reducing tax breaks and focusing on making taxes to existing business less onerous would be more productive for the nation.
español
6404
