IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 15 May 2009 | Removal date: 14 Aug 2009
Still in force

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 based on a decision taken in February 2009 (Ministry of Food, Resolution DM/No 016-09, February 27, 2009) imposing that 70 per cent of the pasta produced has to comply with price regulations. The Venezuelan authorities claimed that Cargill did not comply with this rule with 59 per cent of its production which were sold at an unregulated price.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

Please report this page in case you detect an inaccuracy in its content.