Global Trade Alert
Global Trade Alert

Venezuela: Temporary nationalisation of a pasta factory owned by an American company

Announcement

15 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

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

15 May 2009

Revocation date:

14 Aug 2009

Updated: 15 May 2009
FDI: Treatment and operations, nes

On May 15, 2009, the Venezuelan Minister of Food announced the temporary nationalisation of a pasta factory owned by the American company Cargill.
The justification of this measure is bas...

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