The document discusses opportunities for integrating Suriname into Mercosur. It provides background on the Investment and Development Corporation Suriname (IDCS), which promotes sustainable development and economic diversification through investment. Suriname has traditional resources like mining but is developing sustainable production sectors through projects in agriculture, forestry, energy and industry. These current projects aim to diversify the economy beyond mining. Integrating with Mercosur could provide preferential market access and opportunities for trade and investment to support Suriname's economic growth goals.

1. Integrating Suriname into
Mercosur
Opportunities and Integration
3rd Mercosur Business Forum 2013
Belem, Brazil
Imro San A Jong 02 October 2013

2. Who is
Investment 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

3. Traditional Resources
 Mining: Bauxite, Gold, Oil
 Contribution to Economy
 90% Exports
 80% Net Foreign Exchange Earnings
 40% National Income
 40% Government Revenues
 3% Employment
Opportunities and Integration Suriname - Mercosur

4. 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
Opportunities and Integration Suriname - Mercosur

5. 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
Opportunities and Integration Suriname - Mercosur

6. 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)
Opportunities and Integration Suriname - Mercosur

7. Current Projects Sustainable Production Sectors
IDCS
 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
Opportunities and Integration Suriname - Mercosur

8. Current Projects Sustainable Production Sectors
IDCS
 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, ThermalOpportunities and Integration Suriname - Mercosur

10. Current Projects Sustainable Production Sectors
IDCS
 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, Financ
e
 Orientation: Suframa
Opportunities and Integration Suriname - Mercosur

14. 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
Opportunities and Integration Suriname - Mercosur

15. Contact Information
Investment and Development Corporation Suriname N.V.
– Director: Mr. Winston Caldeira
– Email: winston.caldeira@idcs.sr
info@idcs.sr
– Address: Brokopondolaan
97, Paramaribo, Suriname
– Phone: 597 494 374, 597 530 255, 597 431 375
– Fax: 597 494 387
– Website: http://www.idcs.sr/

16. Integrating Suriname into
Mercosur
End
Opportunities and Integration
3rd Mercosur Business Forum 2013
Belem, Brazil
Imro San A Jong 02 October 2013