ANNOUNCEMENT 30 Nov 2013

In November 2013, the government of Venezuela announced altered domestic business conditions for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 30 Nov 2013 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

On 30 November 2013, Venezuelan President Nicolas Maduro announced that his government had temporarily taken over a packaging plant in Valencia owned by the Irish Smurfit Kappa Group Plc, a manufacturer of container boards and solid packaging products, for alleged price speculation.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A