As USMCA's annual review cycle begins, the public conversation has stayed on tariffs, rules of origin, and energy. GEA identifies a risk no one else is addressing: what happens to a company's environmental liability in Mexico when it scales back or exits. The bond mechanism meant to cover it is outdated by design, and the classification system behind it hasn't been revised in over three decades.

Mexico's water law overhaul eliminates private transfers of water concessions, imposes a strict two-year clock on unused volumes, and — for the first time — criminalizes water-related misconduct with individual prison exposure rather than corporate fines. GEA's client alert outlines what operators in Mexico need to verify now, and who inside the organization is personally exposed if they don't.