IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

SMEs

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 May 2010 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

On May 1, 2010, the Bolivian President Evo Morales nationalised the antimony smelter plant Vinto-Antimonio (Supreme Decree No 499). The plant belonged to the local firm Colquiri, owned by Sinchi Wayra, which is in turn a subsidiary of Glencore, a Swiss commodity trader. The Bolivian government justified its decision arguing that Glencore was underinvesting in Vinto-Antimonio. For this reason, the government argued that Glencore would not receive any compensation.

AFFECTED COUNTRIES

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