Global Trade Alert
Global Trade Alert

Argentina: Temporary expropriation of an American cereal company

Announcement

09 Jun 2020

In June 2020, the authorities of Argentina adopted a new regulation expropriating the American company Vicentin for an initial period of 60 days to avoid the default of the company. The decision was based on the argument of "food sovereignty" and was triggered by the economic pressure set by the COVID-19 outbreak on Argentina's finances. 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

09 Jun 2020

Revocation date:

01 Aug 2020

Removed: 09 Aug 2020
FDI: Treatment and operations, nes
On 9 June 2020, the Executive of Argentina adopted Decree 522/2020 taking over VICENTIN S.A.I.C., one of Argentina's largest agrifood companies with a majority owned by GLENCORE, an American company. ...
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