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Opportunities and integration imro san_sept2013_mercosur

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  • 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
  • 9. 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
  • 10. 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
  • 11. 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/
  • 12. Integrating Suriname into Mercosur End Opportunities and Integration 3rd Mercosur Business Forum 2013 Belem, Brazil Imro San A Jong 02 October 2013