Are referendum results binding?

Mexico
Constitution of 1917 (as amended in 2015)
Article 35. Rights of citizens:
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VIII. To vote in the referendum about national importance topics, which will be subject to the following:
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2. When the total participation corresponds, at least, to forty percent of the citizens subscribed in the voters registration list, the result will be binding for the Federal Executive and Legislative powers and for the competent authorities;
Turnout of 40% of the electorate is needed for the results of the referendum to be binding.