Global Trade Alert
Global Trade Alert

Venezuela: Nationalisation of a steel pipe company

Announcement

14 Jul 2009

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

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

14 Jul 2009

Revocation date:

No revocation date

Updated: 14 Jul 2009
FDI: Treatment and operations, nes In force
On July 14, 2009, the Venezuelan President Hugo Chavez issued Decree No 6.796 on the nationalisation of the steel pipe maker Matesi Materiales Siderúrgicos, which was owned by Tenaris, a Luxembourg-ba...
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