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The Recife metropolitan area is the main industrial zone of the State of Pernambuco; major products are those derived from cane (sugar and ethanol), motor vehicles, ships, oil platforms, electronics and software. With fiscal incentives by the government to attract companies in 1970s and 1980s several industrial enterprises were started in Recife with great success. The city has a tradition of being an important commercial hub for Northeastern Brazil. It has more than 52 thousand business enterprises plus 32 thousand registered ones which makes it one of Brazil's largest service markets as well as its fourth largest financial market (after São Paulo).