{"id":1859,"date":"2021-10-11T04:08:35","date_gmt":"2021-10-11T04:08:35","guid":{"rendered":"http:\/\/dev.trackdrip.com\/?page_id=1859"},"modified":"2023-08-17T17:17:40","modified_gmt":"2023-08-17T17:17:40","slug":"agribusiness","status":"publish","type":"page","link":"https:\/\/sita.sr\/sectors\/agribusiness\/","title":{"rendered":"AgriBusiness"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"1859\" class=\"elementor elementor-1859\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d1c649e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d1c649e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-extended\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-072b705\" data-id=\"072b705\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5fc7cb1 elementor-widget elementor-widget-iheading\" data-id=\"5fc7cb1\" data-element_type=\"widget\" data-widget_type=\"iheading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"section-head\">\r\n\t        \t            <h6 class=\"text-primary\">SECTORS: AGRIBUSINESS<\/h6>\r\n\t        \t        <h2 class=\"section-title\">Suriname: a land of sustainability <span class=\"text-primary\"><\/span><\/h2>\r\n\t        \t    <\/div>\r\n\t    \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e21aeb7 elementor-widget elementor-widget-text-editor\" data-id=\"e21aeb7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Suriname relies on a strong agricultural tradition and development. As a consequence, The Government is focused on the development of agribusiness based on the optimal use of natural resources through 3 central strategies:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1fa206f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1fa206f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-307ab26\" data-id=\"307ab26\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e455859 key-box elementor-widget elementor-widget-iiconbox\" data-id=\"e455859\" data-element_type=\"widget\" data-widget_type=\"iiconbox.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"icon-box\">\r\n\t\t\t\t\t\t<div class=\"icon-top\">\r\n\t\t        \t\t         <img decoding=\"async\" src=\"https:\/\/sita.sr\/wp-content\/uploads\/2021\/12\/expansion.png\" alt=\"\">\t        <\/div>\r\n\t        \t        <div class=\"content-box\">\r\n\t            <h4>Expansion<\/h4>\r\n\t            <p>Fostering the expansion of cultivation within previously abandoned agricultural areas, so as not to harm the surrounding natural forests. <\/p>\r\n\t            \t        <\/div>\r\n\t        \t    <\/div>\r\n\t    \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-22d04fe\" data-id=\"22d04fe\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-daf9983 key-box elementor-widget elementor-widget-iiconbox\" data-id=\"daf9983\" data-element_type=\"widget\" data-widget_type=\"iiconbox.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"icon-box\">\r\n\t\t\t\t\t\t<div class=\"icon-top\">\r\n\t\t        \t\t         <img decoding=\"async\" src=\"https:\/\/sita.sr\/wp-content\/uploads\/2021\/12\/protect.png\" alt=\"\">\t        <\/div>\r\n\t        \t        <div class=\"content-box\">\r\n\t            <h4>Protect<\/h4>\r\n\t            <p>Adopting environmentally-friendly cultivation methods, in order to protect the surrounding natural ecology. <\/p>\r\n\t            \t        <\/div>\r\n\t        \t    <\/div>\r\n\t    \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-f609c61\" data-id=\"f609c61\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2fccf40 key-box elementor-widget elementor-widget-iiconbox\" data-id=\"2fccf40\" data-element_type=\"widget\" data-widget_type=\"iiconbox.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"icon-box\">\r\n\t\t\t\t\t\t<div class=\"icon-top\">\r\n\t\t        \t\t         <img decoding=\"async\" src=\"https:\/\/sita.sr\/wp-content\/uploads\/2021\/12\/Peservation.png\" alt=\"\">\t        <\/div>\r\n\t        \t        <div class=\"content-box\">\r\n\t            <h4>Preservation<\/h4>\r\n\t            <p>Defining the coastal strip as a shield for the entire coastal plain of Suriname against the penetration of seawater, particularly through the preservation of mangrove forests.<\/p>\r\n\t            \t        <\/div>\r\n\t        \t    <\/div>\r\n\t    \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-17ecbc5 elementor-section-full_width elementor-section-content-middle elementor-section-height-default elementor-section-height-default\" data-id=\"17ecbc5\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-10de995\" data-id=\"10de995\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c55bfd9 elementor-widget elementor-widget-image\" data-id=\"c55bfd9\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"837\" height=\"1311\" src=\"https:\/\/sita.sr\/wp-content\/uploads\/2021\/12\/competitive-advantage.jpg\" class=\"attachment-full size-full wp-image-3856\" alt=\"\" srcset=\"https:\/\/sita.sr\/wp-content\/uploads\/2021\/12\/competitive-advantage.jpg 837w, https:\/\/sita.sr\/wp-content\/uploads\/2021\/12\/competitive-advantage-192x300.jpg 192w, https:\/\/sita.sr\/wp-content\/uploads\/2021\/12\/competitive-advantage-654x1024.jpg 654w, https:\/\/sita.sr\/wp-content\/uploads\/2021\/12\/competitive-advantage-768x1203.jpg 768w\" sizes=\"(max-width: 837px) 100vw, 837px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-b6734c7\" data-id=\"b6734c7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a724880 elementor-widget elementor-widget-iheading\" data-id=\"a724880\" data-element_type=\"widget\" data-widget_type=\"iheading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"section-head\">\r\n\t        \t            <h6 class=\"text-primary\">INVEST IN SURINAME: WHY TO INVEST?<\/h6>\r\n\t        \t        <h2 class=\"section-title\">Competitive advantage of Suriname <span class=\"text-primary\"><\/span><\/h2>\r\n\t        \t    <\/div>\r\n\t    \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1f51121 elementor-widget elementor-widget-text-editor\" data-id=\"1f51121\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Plentiful of available landmass and vast array of fertile land for agriculture:<\/strong> 1.5 million hectares (85% located in coastal plans and 15% on the river terraces in the interior) are considered suitable for agricultural production but only an estimated 120.000 hectares are currently being used .<\/p><p><br \/><strong>Availability of freshwater:<\/strong> 99 billion cubic meters of renewable internal freshwater resources in the country (2017)<br \/><br \/><strong>Favorable climate: <\/strong><br \/><br \/><\/p><ul><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/Group.png\" width=\"15px\" \/> Type: tropical climate with abundant rainfall, uniform temperature, and high humidity, influenced by the behavior of the Inter Tropical Convergence Zone (ITCZ).<\/li><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/Group.png\" width=\"15px\" \/> Average temperature: 27\u00baC. Sun is rarely entirely absent, providing an average radiation of 450 watt\/m.<\/li><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/Group.png\" width=\"15px\" \/> Seasons: Two rainy and two dry seasons, a long rainy season from April to August, a long dry season from August to December, a short rainy season from December to February and a short dry season from February to April.<\/li><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/Group.png\" width=\"15px\" \/> Rainfall: between 1500mm and 2500mm in each year. Suriname\u2019s coastal zone is very fertile.<\/li><\/ul><p><br \/><strong>No natural disasters:<\/strong> placed outside the Hurricane Alley<br \/><br \/><strong>Exceptional location:<\/strong> due to its strategic location, Suriname acts as a bridge between the Atlantic coastlines, as well as within the Caribbean region.<br \/><br \/><strong>Key Trade agreements:<\/strong> Suriname enjoy preferential access to:<br \/><br \/><\/p><ul><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/Group.png\" width=\"15px\" \/> CARICOM: duty and quota-free access to the 15 member countries protected by a common external tariff<\/li><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/Group.png\" width=\"15px\" \/> EUROPEAN UNION: after the EU-CARIFORUM EPA, there is duty and quota-free access to the EU market in all fruits and vegetables products.<\/li><\/ul><p><br \/>Total value of exports has more than doubled between 2012 and 2018 .<br \/><br \/><strong>Supported skills development:<\/strong> existence of scientific and nature-based educational programs such as:<\/p><ul><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/Group.png\" width=\"15px\" \/> the Het Natuurtechnisch Instituut trainin programs<\/li><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/Group.png\" width=\"15px\" \/> the Anton de Kom Universiteit van Suriname : Studies on Agricultural Production<\/li><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/Group.png\" width=\"15px\" \/> the Polytechnic College Suriname: Studies in Agronomic and Agribusiness Management; Food technology; and Agronomy.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e534c1a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e534c1a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-extended\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2e26cb9\" data-id=\"2e26cb9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-11bf6fb elementor-widget elementor-widget-iheading\" data-id=\"11bf6fb\" data-element_type=\"widget\" data-widget_type=\"iheading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"section-head\">\r\n\t        \t            <h6 class=\"text-primary\">SECTORS: AGRIBUSINESS<\/h6>\r\n\t        \t        <h2 class=\"section-title\">Main agricultural productions <span class=\"text-primary\"><\/span><\/h2>\r\n\t        \t    <\/div>\r\n\t    \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1e82444 elementor-widget elementor-widget-text-editor\" data-id=\"1e82444\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Rice:<\/strong><\/p><ul><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/check-mark-yello.png\" width=\"15px\" \/> Most important agricultural crop in Suriname it occupies most of the area currently under cultivation, especially in the western coastal districts<\/li><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/check-mark-yello.png\" width=\"15px\" \/> Mainly destined for exports, being the most important agricultural export in terms of value: average export of rice between 2016 and 2020 of 26.631 thousand USD\/year.<\/li><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/check-mark-yello.png\" width=\"15px\" \/> Most of it is exported to Jamaica and the European Union, predominantly to Portugal and France .<\/li><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/check-mark-yello.png\" width=\"15px\" \/> Producers are fairly organized in the Suriname Rice Farmers Association (SPBA), which includes 1.200 rice farmers.<\/li><\/ul><p><strong>Banana:<\/strong><\/p><ul><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/check-mark-yello.png\" width=\"15px\" \/> Suriname\u2019s most important agricultural export product in volume and second in value, after rice.<\/li><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/check-mark-yello.png\" width=\"15px\" \/> The average export of bananas between 2016 and 2020 is of 11.405 thousand USD\/year.<\/li><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/check-mark-yello.png\" width=\"15px\" \/> Almost all its banana production is exported to Europe, predominantly to France. The shipping containers arrive in the Port of Antwerp to be transported further on in Europe.<\/li><\/ul><p><strong>Fruits :<\/strong><\/p><ul><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/check-mark-yello.png\" width=\"15px\" \/> Large new development of citrus, mainly limes, oranges and grapefruit, and other fruits that attract interest such as podosiri or acai, papaya, mango and ineapple.<\/li><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/check-mark-yello.png\" width=\"15px\" \/> The berries of the podosiri (acai) palm, which grows wild in Suriname, are considered one of the top \u201csuperfoods\u201d due to their antioxidant properties and presumed health benefits<\/li><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/check-mark-yello.png\" width=\"15px\" \/> Good market export prospects in Europe and the Caribbean (especially given preferential tariff margins of 25 to 30 percent for exports to CARICOM).<\/li><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/check-mark-yello.png\" width=\"15px\" \/> Melon, watermelon, lime and orange have been identified as being possible crops for development.<\/li><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/check-mark-yello.png\" width=\"15px\" \/> Suriname has the highest export for biological acerola, which has the top biological certification (Demeter).<\/li><li>\u00a0<\/li><\/ul><p><strong>Fisheries : <\/strong><\/p><ul><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/check-mark-yello.png\" width=\"15px\" \/> The country has a coastline of 380 km \u2013 236 mi and a continental shelf area of 54.550 km2<\/li><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/check-mark-yello.png\" width=\"15px\" \/> Suriname is a net exporter of fish and fish products, as up to 45 species of fish are caught in the area<\/li><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/check-mark-yello.png\" width=\"15px\" \/> Fish products and crustaceans generated an average export value of 118.785 thousand USD\/year between 2016 and 2020 .<\/li><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/check-mark-yello.png\" width=\"15px\" \/> Marine fish and frozen shrimp the main export items.<\/li><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/check-mark-yello.png\" width=\"15px\" \/> Exports are directed to several parts of the world, but mainly to the USA, European Union (especially The Netherlands), China and Japan .<\/li><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/check-mark-yello.png\" width=\"15px\" \/> The Ministry of Agriculture, Animal Husbandry and Fisheries has created an internationally certified and recognized fish inspection.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b67e0e3 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"b67e0e3\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b346570\" data-id=\"b346570\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-025a8bc elementor-widget elementor-widget-image\" data-id=\"025a8bc\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1920\" height=\"703\" src=\"https:\/\/sita.sr\/wp-content\/uploads\/2021\/12\/manwithland.jpg\" class=\"attachment-full size-full wp-image-3883\" alt=\"\" srcset=\"https:\/\/sita.sr\/wp-content\/uploads\/2021\/12\/manwithland.jpg 1920w, https:\/\/sita.sr\/wp-content\/uploads\/2021\/12\/manwithland-300x110.jpg 300w, https:\/\/sita.sr\/wp-content\/uploads\/2021\/12\/manwithland-1024x375.jpg 1024w, https:\/\/sita.sr\/wp-content\/uploads\/2021\/12\/manwithland-768x281.jpg 768w, https:\/\/sita.sr\/wp-content\/uploads\/2021\/12\/manwithland-1536x562.jpg 1536w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0712194 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0712194\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-extended\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-57af848\" data-id=\"57af848\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-19694c9 elementor-widget elementor-widget-iheading\" data-id=\"19694c9\" data-element_type=\"widget\" data-widget_type=\"iheading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"section-head\">\r\n\t        \t            <h6 class=\"text-primary\">SECTORS: AGRIBUSINESS<\/h6>\r\n\t        \t        <h2 class=\"section-title\">Products with future potential <span class=\"text-primary\"><\/span><\/h2>\r\n\t        \t    <\/div>\r\n\t    \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-19cb32a elementor-widget elementor-widget-text-editor\" data-id=\"19cb32a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>According to the Revealed Comparative Advantage (RCA) calculated by the UNCTAD for the country in 2019, Suriname is a competitive producer and exporter of the following products linked to agribusiness:<\/p><table><tbody><tr><td><strong>PRODUCT (group digit and name) <\/strong><\/td><td><strong>RCA<\/strong><\/td><\/tr><tr><td>042 Rice<\/td><td>9.2<\/td><\/tr><tr><td>034 Fish fresh (live or dead), chilled or frozen<\/td><td>8.9<\/td><\/tr><tr><td>035 Fish, dried salted or in brine, smoked fish<\/td><td>8.4<\/td><\/tr><tr><td>036 Crustaceans, mollusks and aquatic invertebrates<\/td><td>3.9<\/td><\/tr><\/tbody><\/table><p>However, there are further subsectors with a high potential:<\/p><ul><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/Group.png\" width=\"15px\" \/> <strong><span style=\"color: #000080;\">Cocoa processing industry:<\/span><\/strong> The cultivation of cocoa and the related processing industry has recently regained interest after the release of the National Master Plan for Agricultural Development and because for several years, cocoa yields good prices on the global market.<\/li><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/Group.png\" width=\"15px\" \/> <span style=\"color: #000080;\"><strong>Cultivation of biomass for energy and fibre industry:<\/strong><\/span> elephant grass, sugarcane, bamboo, jatropha;<\/li><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/Group.png\" width=\"15px\" \/> <span style=\"color: #000080;\"><strong>Citron and other local fruits, with processing industry:<\/strong><\/span> The cultivation of modern Brazilian citrus varieties and the processing to juices and jam offer excellent opportunities for the local market and for export.<\/li><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/Group.png\" width=\"15px\" \/> <strong><span style=\"color: #000080;\">New citrus varieties;<\/span><\/strong><\/li><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/Group.png\" width=\"15px\" \/> <strong><span style=\"color: #000080;\">Mechanized corn and peanut cultivation, especially in the old coastal plain near the savannahs;<\/span><\/strong><\/li><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/Group.png\" width=\"15px\" \/> <strong><span style=\"color: #000080;\">New varieties of cooking banana (plantain).<\/span><\/strong><\/li><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/Group.png\" width=\"15px\" \/> <strong><span style=\"color: #000080;\">Coconut:<\/span><\/strong> good possibilities for both the production of coconut oil and fibre products such as coconut water and coconut milk.<\/li><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/Group.png\" width=\"15px\" \/> <strong><span style=\"color: #000080;\">Aquaculture:<\/span><\/strong> fish, shrimp, ornamental fish. There is an important possibility for investment within the sector to improve the value chain, linking it to existent fishing processing ventures, and increase export value from these industries. Studies have indicated that at least 30.000 hectares in the Northern Commewijne area are suitable for cultivation of fish and shrimp.<\/li><li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/Group.png\" width=\"15px\" \/> <strong><span style=\"color: #000080;\">Agro-tourism:<\/span><\/strong> Suriname presents considerable opportunities for eco-tourism. As a consequence, there seem to be related possibilities for agro-tourism, encouraging the visit or stay of tourists at farms.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a94eb93 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a94eb93\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-extended\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2422a15\" data-id=\"2422a15\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3f557f6 elementor-widget elementor-widget-iheading\" data-id=\"3f557f6\" data-element_type=\"widget\" data-widget_type=\"iheading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"section-head\">\r\n\t        \t            <h6 class=\"text-primary\">SECTORS: AGRIBUSINESS<\/h6>\r\n\t        \t        <h2 class=\"section-title\">4. Support <span class=\"text-primary\"><\/span><\/h2>\r\n\t        \t    <\/div>\r\n\t    \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-53702a9 trade-support elementor-widget elementor-widget-text-editor\" data-id=\"53702a9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Suriname Investment and Trade Agency (SITA)<\/strong>&nbsp;is the national Trade and Investment Promotion Agency (TIPA) and is comitted to be the strategic and the trusted partner of anyone who wants to do business in Suriname. Need support? Contact us&nbsp;<a href=\"https:\/\/sita.sr\/contact-us\/\"><strong>here<\/strong><\/a>.<\/p><p><strong>A. RELEVANT ENTITIES<\/strong><\/p>\n<ul>\n<li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/Group.png\" width=\"15px\"> Ministry of Agriculture, Livestock and Fisheries<\/li>\n<li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/Group.png\" width=\"15px\"> Ministry of Land and Forest Management<\/li>\n<li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/Group.png\" width=\"15px\"> Ministry of Spatial Planning and Environment<\/li>\n<li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/Group.png\" width=\"15px\"> Chamber of Commerce and Industry<\/li>\n<li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/Group.png\" width=\"15px\"> The Suriname Business Forum (SBF) draws its membership from the Suriname Trade and Industry Association, the Manufacturers Association, and the Chamber of Commerce and Industry.<\/li>\n<li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/Group.png\" width=\"15px\"> The Suriname Manufacturers Association (Associatie van Surinaamse Fabrikanten ASFA). The association aims to promote the brand \u201cMade in Suriname\u201d. It also provides advice on investing in the country.<\/li>\n<li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/Group.png\" width=\"15px\"> The Agricultural Platform of Suriname. has been built around existing subsector associations and has succeeded in getting support from all subsectors with the exception of rice. organizations<\/li>\n<li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/Group.png\" width=\"15px\"> Research entities such as: Centre for Agricultural Research in Suriname (CELOS) and the Anne van Dijk Rice Research Centre (ADRON)<\/li>\n<li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/Group.png\" width=\"15px\"> The National Institute of Food Safety in Suriname: in charge of safety within food production<\/li>\n<\/ul>\n<p><strong>B. POLICIES<\/strong><\/p>\n<p>The National Master Plan for Agricultural Development in Suriname foresees the support of the private sector agricultural activities using direct and indirect financial benefits, especially for new enterprises, such as:<\/p>\n<ul>\n<li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/Group.png\" width=\"15px\"> Supportive assistance (credit, research &amp; development, extension) towards market and product development. The National Development Bank operates the state-owned Agricultural Credit Fund (Agrarich Krediet Fonds \u2013 AKF), established in 2007 to provide low-interest loans to farmers .<\/li>\n<li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/Group.png\" width=\"15px\"> Insurance and other means to alleviate the uncertainty characteristic of agriculture and mitigate its risk.<\/li>\n<li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/Group.png\" width=\"15px\"> Special tax incentives to aid growth in the first years of a business and promote stability even in less successful years, including reduced duties on<br>the import of agricultural equipment and industrial machinery.<\/li>\n<\/ul>\n<p>Also, the Ministry plans to set up an international certifying agro-laboratory .<\/p>\n<p><strong>C. AVAILABLE INCENTIVES:<\/strong><\/p>\n<p>Suriname grants incentives for entrepreneurs related to the activities of agriculture, animal husbandry, fisheries, and aquaculture, who keep regular accounts on their operations (with annual closings) and who, in a year, invest in operating assets intended to be used within the framework of the enterprise.<\/p>\n<p><strong>The specific incentives are: <\/strong><\/p>\n<ul>\n<li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/Group.png\" width=\"15px\"> Free write offs: when computing the profit enjoyed in a year for the profit of levying income tax, the amount of the investment (in operating assets) shall be depreciated arbitrarily.<\/li>\n<li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/Group.png\" width=\"15px\"> Exemption from income tax: The profit enjoyed in the commencement year of an enterprise (and the following 9 years) shall be exempted from income tax if certain requirements are met.<\/li>\n<li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/Group.png\" width=\"15px\"> Exemption from import duties: the import of capital goods can be partially exempted from import duties, turnover tax and statistics levy if certain conditions are met.<\/li>\n<li><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/12\/Group.png\" width=\"15px\"> Also, business assets used in the agricultural sector that form a whole in connection with the investment (initial investment), are granted an exemption from import duties if the combined value is at least US$ 250,000.00. The condition that the asset must have a value of at least US$ 7.500 does not apply here.<\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5ed26d6 elementor-section-height-full elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"5ed26d6\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8151fd0\" data-id=\"8151fd0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e72f667 elementor-widget elementor-widget-heading\" data-id=\"e72f667\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">The Power of diversity:<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-127c48e elementor-widget elementor-widget-heading\" data-id=\"127c48e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Where people and nature co-exist in harmony.<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-598ea95 elementor-widget elementor-widget-ibutton\" data-id=\"598ea95\" data-element_type=\"widget\" data-widget_type=\"ibutton.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"ot-button\">\r\n\t\t\t<a href=\"https:\/\/sita.sr\/#hero-home\" class=\"btn btn-main no-icon\"><span>Explore now<\/span><\/a>\r\n\t    <\/div>\r\n\t    \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>SECTORS: AGRIBUSINESS Suriname: a land of sustainability Suriname relies on a strong agricultural tradition and development. As a consequence, The Government is focused on the development of agribusiness based on the optimal use of natural resources through 3 central strategies: Expansion Fostering the expansion of cultivation within previously abandoned agricultural areas, so as not to [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":0,"parent":2359,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-1859","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AgriBusiness - Sita<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sita.sr\/sectors\/agribusiness\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AgriBusiness - Sita\" \/>\n<meta property=\"og:description\" content=\"SECTORS: AGRIBUSINESS Suriname: a land of sustainability Suriname relies on a strong agricultural tradition and development. 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