Global Trade Alert
Global Trade Alert

Venezuela: Nationalisation of a rice plant owned by an American company

Announcement

30 Mar 2009

In March 2009, the government of Venezuela announced altered domestic business conditions for foreign investors.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

30 Mar 2009

Revocation date:

No revocation date

FDI: Treatment and operations, nes In force

On March 30, 2009, the Venezuelan President Hugo Chavez issued a decree (Decree No 6.656) on the nationalisation and expropriation of a rice plant owned by the American company Cargill. The justificat...

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