Vice President Geraldo Alckmin (PSB).| Photo: Marcelo Camargo/Agência Brasil.

The vice president and minister of Industry and Commerce, Geraldo Alckmin (PSB), said this Monday (15) that the Executive is preparing “good news for industry” on May 25, when Industry Day is celebrated. Among the measures, a plan aimed at the automotive sector should be announced, with the reduction of the tax burden to encourage the sale of popular cars.

Alckmin participated in the 5th São Paulo Development Forum. The mayor of São Bernardo do Campo, Orlando Morando, said that the vice president signaled that the tax exemption should apply to vehicles below R$ 100,000, reported Estadão. Alckmin also highlighted the stability of the dollar price. The vice president said he was “optimistic” that “interest rates will fall.”

“You don’t have an inflation of demand. There is no queue to buy a car, a truck. The future interest, of the market, already points below 6%, indicates fall. With a good exchange rate, improving the tax system and low interest rates, the economy grows and with a competitiveness agenda”, he said at the event.