opportunities and integration imro san_sept2013_mercosur

Integrating Suriname into Mercosur

Opportunities and Integration

3rd Mercosur Business Forum 2013Belem, Brazil

Imro San A Jong 02 October 2013

Who isInvestment and Development Corporation Suriname

N.V. (IDCS)

Established 18 April 2012 State-owned Enterprise Limited Liability Company Objective: Sustainable Development,

Economic Diversification through Investment Promotion

Tasks:

Opportunities and Integration Suriname - Mercosur

Use Assets Effectively Assist in Finance Acquisition

Joint-Venture Advisory role

Facilitator Information, Guidance

Close Cooperation Private Sector

Traditional Resources

Mining: Bauxite, Gold, Oil Contribution to Economy

90% Exports 80% Net Foreign Exchange Earnings 40% National Income 40% Government Revenues 3% Employment


Development Policy

Develop Mining but also Develop Sustainable Production Sectors (SPS)

Approach: Mining Growing, but SPS growing Faster

Strategy: Reallocate Resources from Mining to SPS Increase Investment New Technologies


Current Developments Mining

Oil: Off-shore Oil Drilling Tullow Oil, Kosmos,

Teikoku, etc) Expansion of Refinery (Gasoline, Diesel sept

2014) Sugarcane Ethanol (Embrapa) Thermal Energy Production Capacity 62MW

Gold: 2 Agreements IamGold and Surgold

(Alcoa/NewMont)Bauxite: Production Increase 10%, 2014


Current Projects Sustainable Production Sectors IDCS

Phedra: 2300 ha Acai, pineapple (French Investor, Dec 2013) Exotic Fruit and Vegetables (French Investors and

Local Entrepreneurs, Q1 2014) Babunhol: 1000 ha

Cattle, sheep, pigs (slaughter and breeding) Cattle from Brazil, August 2012

Privatization of Rice Sowing Seed Company Masterplan Agriculture

Map all Agro Land, cultivate crops suitable to soil qualities (2014)



Forestry: 150.000 ha Timber Concessions Value Added Downstream Timber Products Brazil, China, Finland, French Guyana,

India, Malaysia, Trinidad & Tobago Non-Resource Based Industries

Coffee, Cacao, Fiberglass



Energy Demand and Projection Capacity 175 MW in 2012 Average growth 8%-10%/yr,

capacity 300-340 MW in 2020 Hydro project 500 MW (800 MW), South-

West Suriname close to border Guyana and Brazil

Camargo (MoU), Electrobraz (MoU), still to meet ANEEL, China

Other sources: Solar, Biomass, Household Waste, Thermal



Advisory Services Paranam Industrial and Commercial Park (PICP) Free Zone: Food Processing, Timber Processing,

Warehousing, Assembly Total area 109ha, but first phase 40ha, Masterplan Pilot Project First Phase 40ha (dec.

2013) Space, Road, Harbor, Electricity, Water, Waste

Disposal; US$20million Assistance: Legislation, Incentives, Investors,

Cooperation, Finance Orientation: Suframa


Why Suriname GDP per capita US$8,050 (2012) GDP growth 4% - 5% Preferential Market Access: CARICOM,

Cuba, Dominican Republic, EU (EPA) Abundance in Resources Exemption of Raw Material/Intermediates Well Educated Workforce Good Infrastructure and Ports Energy: US$0.05/KwH, Water: US$1.63/m3

Unskilled Labor: US$20-US$25/day Special Arrangements for Tax Holidays


Contact InformationInvestment and Development Corporation Suriname

N.V.

– Director: Mr. Winston Caldeira – Email: [email protected] [email protected]– Address: Brokopondolaan 97, Paramaribo,

Suriname– Phone: 597 494 374, 597 530 255, 597 431

375– Fax: 597 494 387– Website: http://www.idcs.sr/

mailto:[email protected]

mailto:[email protected]

Integrating Suriname into Mercosur

EndOpportunities and

Integration

3rd Mercosur Business Forum 2013Belem, Brazil

Imro San A Jong 02 October 2013

opportunities and integration imro san_sept2013_mercosur

Travel