- - Tuesday, September 16, 2014

Suriname has embarked on an ambitious development program – and it is welcoming foreign direct investment to pay for it. U.S. companies will find a business-friendly climate in the tiny and resource-rich nation, situated on the northeast corner of South America.

“Mining is Suriname’s fastest growing sector, but several U.S. firms are currently conducting offshore oil exploration, with drilling likely in 2015,” observed U.S. Ambassador to Suriname Jay N. Anania. “Agriculture offers additional opportunities, and Suriname’s government encourages foreign investment in this and other commercial sectors.”

Anania, a veteran foreign service officer, noted that the U.S. Embassy’s website provides advice on doing business in Suriname. “Companies can also request a meeting with the embassy to discuss investment plans, and the embassy advocates on behalf of U.S. firms doing business in Suriname,” he said.

A new U.S. Embassy building costing $164 million is now under construction in Paramaribo, the capital whose population is 250,000. The construction is part of routine plans in the State Department’s embassy replacement program.

As for traveling to Suriname, Anania noted a recent Open Skies agreement should improve travel between the United States and Suriname, thereby improving trade and tourism links. Currently, flights to Suriname depart from Miami and New York via Surinam Airways, Delta, Caribbean Airlines, Insel Air, and US Airways.

What is life like for an expatriate businessman in Suriname, a former Dutch colony where English is widely spoken? “Expat businessmen will find life in Suriname comparable to other middle income developing countries,” said Anania.

“The people of Suriname are notably friendly, and life in Paramaribo is generally pleasant and relaxed. Suriname is one of the world’s most ethnically and culturally diverse countries, and the large expanses of unspoiled rainforest offer numerous opportunities for nature lovers. Business and cultural ties to the U.S. are longstanding and positive.”

This article was produced in conjunction with The Washington Times International Advocacy Department.

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