Global Trade Alert
Global Trade Alert

Venezuela: Nationalisation of a bauxite producer

Announcement

29 Mar 2011

In March 2011, 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

29 Mar 2011

Revocation date:

No revocation date

FDI: Treatment and operations, nes In force

On March 29, 2011 the Venezuelan President Hugo Chavez issued Decree No 8.133 on the nationalisation of the bauxite producer Norpro Venezuela C.A., a subsidiary of the American company Norpro and a pa...

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