Mexico's Space Law Nears Approval, Expected by End of 2024

Mexico's proposed Space Law is nearing approval, with expectations that it will be enacted before the year ends. The legislation, designed to support the space sector, has already been approved by the Chamber of Deputies and is pending review by the Senate. The bill is anticipated to be addressed by the new LXVI Legislature, which begins on Sep. 1.

Benjamín Nájar Jr., Vice President, Space Commission within the Mexican Aerospace Industry Federation (FEMIA), expressed confidence that the bill will progress without significant delay. “It does not interfere with other initiatives. It is a pro-social and pro-economy initiative. We hope it will pass this year, which would facilitate the transition of activities from the Presidency,” Nájar said.

The proposed Space Law aims to establish a framework that could enhance Mexico’s ability to attract foreign investment and promote technology transfer with local companies. Nájar noted, “We can design the law to attract foreign investment, ensuring that investors partner with Mexican firms and contribute to technological development.”

The initiative, originating from Dr. Luis Antonio López Velarde’s work, proposes amendments to Articles 28 and 73 of the Mexican Constitution to include space-related activities. Following its approval by the Chamber of Deputies on Apr. 11, the bill faced delays in the Senate due to political scheduling but is expected to be reviewed by the new legislature.

Fermín Romero Vázquez, President, Fundación Acercándote al Universo (FAU), discussed the potential impact of the law. “We are working on the National Space Development Law, which involves all relevant stakeholders and sectors that need regulation to advance space activities in Mexico. The goal is to promote both national and foreign investment and establish Mexico’s role in the global space sector,” Romero Vázquez stated.