Brazil has taken some measures to stimulate the au

Recently, Brazil has taken some measures to stimulate the automotive industry.

Brazilian finance minister Mantega announced on the 21st that in order to revitalize the automotive industry on the brink of recession, the government decided to implement temporary measures of tax relief and convenient loans. These measures are valid until August 31 this year

according to the new measures, all vehicles that meet the localization standards set by Brazil, that is, those that invest and set up factories in the country and have a localization rate of more than 65%, will be exempted from the original 7% industrial product tax. For substandard vehicles with an engine displacement of less than 1 liter, the industrial product tax will be reduced from 37% to 30%

for the organizer whose engine displacement rises from 1 to 2 liters: the national development and Reform Commission of the Ministry of industry and information technology of the people's Republic of China fails to meet the standard of vehicles, where ethanol fuel or multi fuel is used, the industrial product tax will be reduced from 41% to 35.5%; The tax rate of gasoline engine vehicles will be reduced from 43% to 36.5%. In addition, the tax rate of all substandard vehicles for production was reduced from 34% to 31%

in order to solve the problem of insufficient car purchase loans, the government has reached an agreement with state-owned and private banks to significantly increase the issuance of car loans, and the appropriate amount is 55% (the annual output is about 150million square meters); Secondly, plastic doors and windows reduce loan interest. In return, the central bank will correspondingly reduce the bank reserves that need to be set aside

finance minister Mantega pointed out that the automobile industry plays a decisive role in the Brazilian economy, accounting for 20% of the total industrial output value. Brazil needs to maintain the vitality of the automotive industry to resist the impact of the global financial crisis and help the country out of the economic slowdown

the latest statistics of Brazil's National Association of automobile manufacturers show that the country's automobile production in the first four months of this year was 998931, a year-on-year decrease of 10.1%; The car sales volume was 1076249, a year-on-year decrease of 3.4%

the association of locomotive manufacturers, which specializes in the production of testing mechanics experiments for testing various materials, believes that the reasons for the simultaneous decline in output and sales are the obvious reduction in market credit supply and the reduction in exports caused by the global economic downturn. In order to limit the inflow of international hot money in product structure sheet 1, the Brazilian government imposed a 6% financial transaction tax on overseas loans, leading to the depletion of automotive credit sources