IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 10 Aug 2010 | Removal date: open ended
Still in force

Export quota

On 11 August 2010, the government of Venezuela raised its cap on gold exports. Registered companies now may export up to 50 percent of their production, selling the other half to the National Bank of Venezuela. Prior to the change, exporters were only allowed to ship at most 30 percent of their production abroad.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

413 Basic precious metals & metals clad with precious metals
7108 Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form.
710812 Other unwrought forms

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