Suriname - Foreign investment

Suriname does not have a foreign investment code. In an effort to attract new investment, the government negotiates each investment project individually, offering incentives such as special tax holidays, depending on the project. Economic and business relations with the United States are very important to this nation. US firms operating in Suriname include Suralco, the bauxite company, Exxon, Texaco, IBM, and the insurance firm, Alico. In addition, Suriname is highly dependent on relations with the Dutch government.

Foreign investment during the 1990s included gold mining by the Canadian company Golden Star, and Japanese shrimp farming by the company Sujafi.

In terms of its success in attracting foreign direct investment (FDI), Suriname was at the bottom of the list of 140 countries surveyed by UNCTAD for 1988–1990 and 1998—2000. During the five years from 1997 to 2001, reverse divestment exceeded the inflow of new FDI every year except 1998, when net FDI inflow amounted to $9.1 million. Divestment was -$9.2 million in 1997, and reached -$61.5 million in 1999 and -$148 million in 2000. In 2001, net divestment of FDI in Suriname was -$66.9 million.

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Cindy Lee
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Jul 6, 2013 @ 5:17 pm
Are there articles about or related to FDI, economic growth, etc in Suriname?

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