ANNOUNCEMENT 04 Oct 2010

In October 2010, the government of Venezuela announced altered domestic business conditions for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 04 Oct 2010 | Removal date: open ended

FDI: Treatment and operations, nes

On 4 October 2010, the Venezuelan Governmentexpropriated a portion of land that was under the ownership of the Spanish-Venezuelan agricultural company Agroislena. The government stated that the reason for the expropriation was that Agroislena was selling products at inflated prices as well as was monopolizing storage capacity. 

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A