Business in Suriname

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

1. To analyze the Surinamese Economy and Global 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 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 Programs taught by EENI Global Business School:

Masters: International Business, Foreign Trade.

Doctorate: World Trade.

Languages ( Surinam Suriname Suriname).

Preferential Access and Trade Agreements of Suriname:

1. Suriname and the Caribbean Economic Area
2. Association of Caribbean States
3. CARICOM
   1. CARIFORUM-EU Agreement
   2. Colombia-CARICOM Agreement (Suriname)
   3. CARICOM-Dominican Republic FTA
   4. Costa Rica-CARICOM Agreement (Suriname)
   5. UK-CARIFORUM Free Trade and Economic Integration Agreement
4. UNASUR
5. Latin American and Caribbean Economic System
6. Islamic Trade Preferential System
7. Islamic Centre for Development of Trade
8. Suriname is a state associated to the MERCOSUR
9. Global System of Trade Preferences among Developing Countries (GSTP) - accession process

1. WTO
   1. Agreement on Sanitary and Phytosanitary Measures
   2. GATS
   3. Agreement on Technical Barriers to Trade
   4. Agreement on Preshipment Inspection
   5. Agreement on Safeguards
   6. Trade Facilitation Agreement
2. WCO
   1. Kyoto Convention
3. COTIF Convention (Rail)
4. BIC (Containers)
5. Chicago Convention (ICAO)
6. IMO

1. CELAC
2. OAS
3. ECLAC
4. Inter-American Development Bank
5. Africa-South America Summit

1. Islamic Development Bank
2. OIC
3. Summit of South American-Arab Countries

1. UN
2. WB
3. WTO
4. 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 km²;
   1. Territorial tensions with Guyana and French Guiana
4. Population of Suriname: 550,000 inhabitants;
   1. Surinamese Population density: 3 inhabitants / km²
   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
11. From the 16th century: British and Dutch colonization
12. Formerly it was called Dutch Guiana
13. Government Type: Presidential Republic
14. 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. Hindu Economic Area
3. Islamic Economic Area

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 U.S., Belgium, the Emirates, Canada, Guyana, France and Barbados
3. Main imports of Suriname: capital goods, oil, food, cotton, consumer goods
4. Largest providers of Suriname: the U.S., Netherlands, China, United Arab Emirates, Antigua and Barbuda, Netherlands Antilles and Japan
5. Main trading partners: the Netherlands, the U.S., Canada, Trinidad and Tobago and the islands of the former Netherlands Antilles
6. Agreement with Venezuela for oil importation (PetroCaribbean)

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)

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