The General Water Law (the “LGA”, per its acronym in Spanish) and the related amendments to the National Waters Law (the “LAN”, per its acronym in Spanish), published on December 11, 2025 in the Federal Official Gazette, introduce significant changes in the following areas: (i) transfer of concessions/water volumes, (ii) transfer of real property and effects on volumes, (iii) changes in water use, and (iv) use of the guarantee fee to interrupt forfeiture. These reforms may create operational implications for real estate transactions and structures involving water assets.

On December 11, 2025, the Mexican President published in the Federal Official Gazette, the a decree enacting the General Water Law (the “LGA”, per its acronym in Spanish) and amending, supplementing, and repealing various provisions of the National Waters Law (the “LAN”, per its acronym in Spanish).

On December 9, 2025, the Chamber of Deputies of the Honorable Congress of the Union approved and remitted to the Senate the draft decree amending various tariff items of the Law of General Import and Export Taxes. The primary objective of this reform is to update the tariff rates applicable to a wide range of products, with particular emphasis on goods originating from countries with which Mexico does not currently maintain Free Trade Agreements.