Doing Business in Suriname

The objectives of the subject «Doing Business in Suriname» are the following:

1. To analyze the Surinamese Economy and Foreign Trade;
2. To explore the Business Opportunities in Suriname;
3. To analyze the trade relations of Suriname with the country of the student;
4. To know the Free Trade Agreements of Suriname;
5. To develop a business plan for the Surinamese Market.

The Subject «Foreign Trade and Business in Suriname» belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Masters (MIB): International Business, Foreign Trade.

Doctorate (DIB): American Business, Islamic Business, World Trade.

Learning materials in: ( Surinam Suriname Suriname).

Preferential Access and Free Trade Agreements of Suriname:

1. Suriname and the Caribbean Economic Area;
2. Association of Caribbean States (ACS);
3. Caribbean Community (CARICOM)
   1. CARIFORUM-European Union (EU) Economic Partnership Agreement;
   2. Colombia-CARICOM Agreement (Suriname);
   3. CARICOM-Dominican Republic Free Trade Agreement (FTA);
   4. Costa Rica-Caribbean Community Agreement (Suriname);
   5. United Kingdom-CARIFORUM Free Trade and Economic Integration Agreement.
4. Union of South American Nations (UNASUR);
5. Latin American and Caribbean Economic System (SELA);
6. Islamic Trade Preferential System (TPS-OIC);
7. Islamic Centre for Development of Trade (ICDT);
8. Suriname is a state associated to the MERCOSUR (Argentina, Brazil, Uruguay, Paraguay);
9. Global System of Trade Preferences among Developing Countries (GSTP) - accession process.

1. World Trade Organization (WTO)
   1. WTO Agreement on Sanitary and Phytosanitary Measures (SPS);
   2. WTO General Agreement on Trade in Services (GATS);
   3. WTO Agreement on Technical Barriers to Trade (TBT);
   4. WTO Agreement on Preshipment Inspection (PSI);
   5. WTO Agreement on Safeguards (SG);
   6. WTO Trade Facilitation Agreement (TFA).
2. World Customs Organization (WCO)
   1. Revised Kyoto Convention (RKC).
3. Convention concerning International Carriage by Rail (COTIF);
4. International Bureau of Containers and Intermodal Transport (BIC);
5. International Civil Aviation Organization (ICAO, Chicago Convention);
6. International Maritime Organization (IMO).

American Trade and Economic Organizations:

1. Community of Latin American and Caribbean States (CELAC)
   1. European Union-CELAC Summit.
2. Organization of American States (OAS);
3. Economic Commission for Latin America and the Caribbean (ECLAC);
4. Inter-American Development Bank (BID);
5. Africa-South America Summit (ASA).

Islamic Organizations:

1. Islamic Development Bank (IsDB);
2. Organization of Islamic Cooperation (OIC)
   1. Standing Committee for Economic and Commercial Cooperation of the Organization of Islamic Cooperation;
   2. Islamic Chamber of Commerce and Industry (ICCI);
   3. Statistical, Economic and Social Research and Training Centre for Islamic Countries;
   4. Cairo Declaration on Human Rights in Islam.
3. Summit of South American-Arab Countries (ASPA).

Global Organizations:

1. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD);
   2. International Trade Centre (INTRACEN);
   3. World Intellectual Property Organization (WIPO).
2. World Bank (WB);
3. World Trade Organization (WTO);
4. International Monetary Fund (IMF);
5. Commonwealth;
6. ...

Republic of Suriname.

1. Surinamese Capital: Paramaribo;
2. Borders of Suriname: Brazil, Guyana and French Guyana;
3. Area of Suriname: 163.820 square kilometers;
   1. Territorial tensions with Guyana and French Guiana.
4. Population of Suriname: 550,000 inhabitants;
   1. Surinamese Population density: 3 inhabitants / square kilometers;
   2. 27% of the population are Hindustanis (originally from India);
   3. 21% of the population are maroons of African origin (African Diaspora).
5. Suriname's official language is Dutch
   1. Sranan Tongo language is used by 40% of the population;
   2. English, French, Spanish and Portuguese are widely used.
6. Abolition of Slavery in Suriname: 1863;
7. Main rivers: Suriname, Courantyne, Coppename, Marowijne, Nickerie;
8. Climate of Suriname: equatorial-tropical;
9. 1498: discovery by the Spanish;
10. 1498: discovery by the Spanish
    From the 16th century: British and Dutch colonization;
11. Formerly it was called Dutch Guiana;
12. Government Type: Presidential Republic;
13. Suriname became independent from the Netherlands  in 1975.

Main religions in Suriname:

1. Christianity: 48 % of the population Surinamese;
2. Hinduism: 23% of the population Surinamese;
3. Islam: 14% of the population Surinamese.

Suriname belongs to the:

1. Caribbean Economic Area of the Western Civilization;
2. Economic Area of the Hindu Civilization;
3. Economic Area of the Islamic Civilization.

Surinamese Economy.

1. Surinamese GDP: 9,067 million dollars;
2. GDP per capita of Suriname: 13,362 Dollars;
3. 25% of the Surinamese population works in the agricultural sector;
4. Main agricultural products: rice, bananas, wood, palm kernels, coconuts, peanuts, citrus and forest products;
5. Natural resources: bauxite, gold, oil, iron ore, other minerals, wood, fish, and shrimp;
6. The main economic activity in Suriname is the aluminum industry (15 of the GDP, 66% of the exports);
7. Significant gold and bauxite reserves
   1. The bauxite industry accounts for 15% of the GDP and 70% of the export earnings.
8. Important hydroelectric potential;
9. Surinamese currency: the Surinamese Dollar (SRD);
10. Country code top-level domain of Suriname: .sr.

Surinamese Foreign Trade

1. Main exports of Suriname: aluminum, bauxite, rice, bananas, shrimp, gold, crude oil, wood, fish;
2. Main destinations of Suriname's exports: the United States, Belgium, the United Arab Emirates, Canada, Guyana, France and Barbados;
3. Main imports of Suriname: capital goods, oil, food, cotton, consumer goods;
4. Largest providers of Suriname: the United States, Netherlands, China, United Arab Emirates, Antigua and Barbuda, Netherlands Antilles and Japan;
5. Main trading partners: the Netherlands, the United States, Canada, Trinidad and Tobago and the islands of the former Netherlands Antilles;
6. Agreement with Venezuela for oil importation (PetroCaribbean).

International Transport and Logistics in Suriname:

1. Main seaport: Paramaribo;
2. Other seaports: Albina, Moengo, Nieuw-Nickerie;
3. 4,304 Kilometers of roads (1,130 paved)
   1. Driving on the left.
4. 166 Kilometers of railway lines;
5. Zorg in Hoop Airport (Paramaribo).

(c) EENI Global Business School (1995-2023)
We do not use cookies
Top of this page