Suriname Signs Major Agreements With Caribbean Development Bank

By: Caribbean Journal Staff - July 6, 2015

Above: Suriname

By Dana Niland
CJ Contributor

Suriname’s Ministry of Trade and Industry has signed two historic agreements for projects with the Caribbean Development Bank to facilitate Suriname’s implementation of the CARICOM Single Market and Economy (CSME) and European Partnership Agreement (EPA).

“With the support of the Caribbean Development Bank, CARIFORUM and the EU, we will be able to accomplish some important goals with these projects,” said Minister of Trade and Industry Don Tosendjojo. “These grants through the Trade Facilities will allow us to bridge the gap between world trends in Trade Facilitation and our current system, as well as prepare ourselves to deal with the increasing challenges of operating in competitive world markets.

The projects will be implemented by the Suriname Business Forum (SBF) in addition to the Ministry, and will be funded by the CSME Standby Facility and EPA Standby Facility.

A grant from the EPA Standby Facility will help establish an Electronic Single Window, which will allow importers and exporters to submit the necessary documentation to obtain licenses to train online.

Under the current systems, such applications must be submitted in hard copies and processed manually, which can taking up to a month.

The CSME Standby Facility and SBF are funding a project which will improve relations between Suriname-based agrifood exporters and importers and distributors in the CARICOM markets of Barbados and Trinidad.

“These two projects, when fully implemented, will in a tangible way demonstrate how the region’s trading regime can be used to create sustainable economic opportunities for our people,” said Edward Greene, Division Chief in theTechnical Cooperation Division of the Caribbean Development Bank.

Popular Posts the sexiest beaches including this resort at atlantis

The Sexiest Beaches in the Caribbean to Visit Right Now 

One is a beach with a nightclub-style pool right next door. Another is filled with beach bars — and even has its own au natural corner. Then there’s a beach that’s practically a nonstop party.  There are so many things that […]

The Best Caribbean Islands to Visit This Summer, From Antigua to St Croix

verandah antigua

We’ve been saying it for years, and we’ll keep saying it: in some ways, the Caribbean is even better in the summer months. The water is warm. It’s a bit less crowded, a little bit quieter. At night, the trade […]

The Winners of the 2024 Caribbean Green Awards 

caribbean green

With almost 20,000 votes, the winners of the Caribbean Green Awards 2024 Presented by E-Finity have been crowned.  From state-of-the-art marine conservation projects to hotels that are redefining sustainability, the Green movement has never been stronger in the Caribbean.  “This […]

Related Posts beach bungalow on the sand with reflection of water

Curacao’s Newest All-Inclusive Resort Reinvents the Beach Bungalow

Hyatt’s Dreams brand first debuted on the Dutch Caribbean island of Curacao back in 2019, a transformation of what had been the Hilton Curacao. In many ways, Dreams’ debut helped change the game for the island, helping to kick off […]

WestJet Is Coming Back to Bonaire for a Second Season

blue water next to chairs and a balcony

The newest gateway for Canadian travelers to the Dutch Caribbean is coming back again for a second season this upcoming winter, Caribbean Journal has learned.  WestJet, which kicked off its first-ever flights between Toronto and Bonaire last year, has announced […]

How The Sands at Grace Bay Resort Defines the Turks and Caicos Vacation 

palapas on grace bay beach in turks and caicos

You’re right on Grace Bay Beach, one of the best in the world. Your room is spacious and comfortable, with every amenity you need and the ingredients for any vacation you choose. This is the essence of the Turks and […]


Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.

No. Thank You