Global Trade Alert
Global Trade Alert

Venezuela: New law on the property of goods and services related to hydrocarbon primary activities

Announcement

07 May 2009

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

Source

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Number of interventions

1

0 certainly harmful

1 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

07 May 2009

Revocation date:

No revocation date

FDI: Treatment and operations, nes In force

On May 7, 2009, the Venezuelan National Assembly passed the Organic Law that Reserves to the State the Assets and Services related to Hydrocarbon Primary Activities ('Ley orgánica que reserva al Estad...

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