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Doing Business in Suriname

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Syllabus of the Subject: Foreign Trade and Business in Suriname - Paramaribo. Surinamese Economy.

  1. Introduction to Suriname;
  2. Business in Paramaribo;
  3. Surinamese Economy;
  4. Surinamese International Trade;
  5. Business Opportunities in Suriname;
  6. Access to the Surinamese Market;
  7. Business Plan for 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.

Foreign Trade and Business in Suriname:
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E-learning Courses, Diplomas (Global Business, Foreign Trade)

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.

Masters in International Business and Foreign Trade (MIB) - Online Education

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

Professional Doctorate in International Business (DIB). Online Education

Online Education (Courses, Masters, Doctorate): Trade and Business in the Caribbean (CARICOM) and Cuba

Learning materials in: Courses, Masters, Doctorate in International Business and Foreign Trade in English (Study Master Doctorate in International Business in Spanish Surinam Study, Course Master Doctorate in International Business in French Suriname Masters Foreign Trade in Portuguese Suriname).

Suriname, Masters, Doctorate, Courses, International Business, Foreign Trade Masters and Doctorate in International Business adapted for the Surinamese Students.

Foreign Trade and Business in Suriname

Market Access - Free Trade Agreements (FTA). Online Education (Courses, Masters, Doctorate)

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.

Caribbean Development Bank (Antigua, Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, Suriname...)

Trade Facilitation Programs. TFA Agreement. Online Education (Courses, Masters, Doctorate)

  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).

Caribbean Basin Economic Recovery Act. U.S Trade Partnership

Online Education (Courses, Masters, Doctorate): Latin American Economic Integration

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. Arab League. Online Education (Courses, Masters, Doctorate)

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).

Online Education (Courses, Masters, Doctorate): Globalization and International Organizations

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. ...

Union of South American Nations (UNASUR) Argentina, Brazil, Bolivia, Colombia, Chile, Ecuador, Guyana, Paraguay, Peru, Suriname, Uruguay, and Venezuela

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.

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CARIFORUM (Antigua, Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, Suriname...)-European Union Economic Partnership Agreement

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.

Costa Rica-CARICOM (Antigua, Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, Suriname...) Free Trade Agreement

Foreign Trade (Importing, Exporting) Online Education (Courses, Masters, Doctorate)

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).

Global Transport and Logistics. Online Education (Course, Doctorate, Master)

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).

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