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: 26 Sep 2014 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

On 26 September 2014, the government of Venezuela announced the expropriation of Colorox Venezuela. Prior to the expropriation, Colorox Venezuela was under the ownership and management of The Colorox Company, an American multinational manufacturer and marketer of consumer and professional products.
Venezuelan government officials stated that the decision to expropriate Colorox Venezuela, was primarily based on the fact that this company was alleged for subjecting their workers to an illegal lockout. 
 
 

AFFECTED COUNTRIES

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