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Brazil’s economy minister wants to set industry tax to zero and expects an unemployment rate of 8%

Brazilian Economy Minister Paulo Guedes said Friday (26) that he intends to set the IPI (industrial products tax) to zero. He said the government would reduce and simplify taxes to improve the business environment.

Guedes also said the unemployment rate should drop to nearly 8% by the end of the year. He was speaking at an event organized by Aclame (Association of the Middle Class).

The minister said he wanted to open the economy to the outside world. He said he had reduced the Mercosur tariff by 10%. The measure increases Brazil's competitiveness and pressures the industry to become . . .

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