ANNOUNCEMENT 10 Aug 2010

In August 2010, the government of Venezuela announced an altered export quota.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Official Gazette. (11 August 2010). Resolution 10-07-01. Available at http://www.tsj.gov.ve/gaceta/Agosto/1182010/1182010-2924.pdf#page=17


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 SECTORS

 

AFFECTED PRODUCTS