• Suriname

    Suriname

     Development Challenges

    Suriname’s economy is principally based in the export of aluminium oxide (alumina) and small amounts of aluminium produced from bauxite. A former Dutch colony, democracy in Suriname has gained strength in recent years, creating an economy more diversified and less dependent on Dutch financial assistance. Despite inexpensive power costs, which are particularly advantageous in the energy-intensive alumina and aluminium businesses, Suriname’s development challenges are:

    • Recovery from natural disasters- Fenómeno de la Niña-
    • Broadening of its economic base
    • Establishing better contacts with other nations and international financial institutions
    • Good governance
    • Growth and competitiveness
    • International relevance  

    Key trade issues

    • Need to diversifying trading partners while increasing the range and quality of goods and services
    • Need to simplifying and making more transparent procedures to obtain a business license
    • Need of better data collection
    • Need of free trade agreements with different countries from around the world

    Government Priorities

    • To increase transparency and efficient use of public resources
    • To reduce public debt
    • To overcome political crisis due to inflation growth by stringent economic controls over prices, the exchange rate, imports, and exports
    • To implement government’s Multi Annual Development Plan, 2006-2011 integrated the Millennium Development Goals and focused on growth and poverty reduction, emphasizing a rights-based approach to development
    • To continue regional integration (already member of UNASUR)

    Trade and Tariff Graphs

    Graphs of the country’s export markets, its export performance in a key sector and tariffs exporters of a sample product face.
    Trademap sample Trademap sample: The map uses color codes to illustrate the relative size of different markets in the overall exports of the country shown in pink.
    Trademap sample Trademap sample: The vertical axis shows import values by key importing countries, while the horizontal axis shows export values by the country for the same sector. I.e. the country has gained market share in the case of an importing country at the bottom right of chart and lost market share for countries top left. The size of circles is proportional to market size.
    Market access map sample Market access map sample: The world map shows trade values and tariff levels for a key export product by importing countries. Color codes indicate protection levels. Red circles denote trade volumes.

    Trade and Investment Data

    Detailed data on the country’s export performance, key imports and foreign investment, grouped by product and service categories (HS and BOP).

    Trade Information Sources

    A listing of country specific print and online publications on trade related topics. Includes information from both ITC and external sources.

    Trade Contacts

    The most important trade contacts, including importers’ and exporters’ associations, trade support institutions, trade promotion organizations and institutions providing business development assistance.