Global Trade Alert
Global Trade Alert

Venezuela: Forced acquisition of an American-owned sugar mill

Announcement

08 Jun 2010

In June 2010, 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

08 Jun 2010

Revocation date:

No revocation date

FDI: Treatment and operations, nes In force

On June 8, 2010, the Venezuelan President Hugo Chavez adopted a decree (Decree No 7.473) on the forced acquisition of the sugar mill Industria Azucarera Santa Clara, that is owned by an American compa...

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