Suriname - Customs and duties

Suriname became a full member of CARICOM in 1995. There is a common external tariff (CET) ranging from 5% to 25%. Import tariffs from non-CARICOM countries range between 0% and 40%, averaging 30% to 40%. Duty-free import of various goods is offered through the National Development Incentives program. The government has offered full and partial exemption from import duties to new businesses. Suriname's trade licensing system is outdated and time-consuming and is in fact a trade barrier in itself. There are no free trade zones.