The national government submitted to Congress a bill on the Promotion of Investments in the Automotive Industry, to declare the automotive and auto parts sector as a strategic industry. The bill provides for benefits such as an early refund of Value Added Tax (VAT), accelerated depreciation on income tax and 0% export duties until December 2031. The initiative seeks to create the Regime for the Promotion of the Automotive-Autoparts Industry and its Value Chain, the Programme for the Promotion of New Investments and the Institute for Mobility. The incentive measures will be aimed at new investment projects that ensure greater production, exports and employment in terminals and auto parts companies, to add value from industrial processes. The promotion will cover the production processes of automobiles, pick-ups, commercial vehicles, buses, and trucks, as well as engine and auto parts. Under this scheme, vehicle manufacturing projects must include a minimum domestic content of 15 % during the first three years of production and 20 % the following two years, and in the case of engines, it will be 10 % during the first three years and 15 % the following two years.