Last updated in March 2017
Bilateral relations are mostly untroubled. Cooperation is mainly in the form of development cooperation and cultural projects and within the United Nations. Since 2012, an annual political dialogue has been held between Suriname and the European Union (EU).
In recent years, bilateral trade has constantly grown but its potential has not yet been fully exploited. In 2013, RWE partial acquired gas and oil production rights in Suriname’s coastal waters. For a long time, the country’s resource wealth (oil, gold and bauxite) was not used to improve the living conditions of large sections of the population. Also, falling commodity prices lead to a signifincant decline in production. Despite positive economic development, annual per capita income is less than USD 10,000. In the hinterland the poverty rate ist estimated at 30%.
Cooperation and trade accords exist within the framework of the agreements between the EU and the ACP (African, Caribbean, Pacific) states, and between the EU and CARIFORUM, which comprises the member states of the Caribbean Community (CARICOM) plus the Dominican Republic. Suriname, like the other countries of the region, is paying special attention to the further development of trade relations with the EU in the light of the Economic Partnership Agreement (EPA) that was signed in October 2008.
Suriname is not a member of the Paris Club and is therefore attempting to obtain a debt cancellation from its creditors on a bilateral basis.
In development cooperation, Suriname has indirect ties to Germany through German agreements with CARICOM, cooperation focusing on sustainable economic development, the promotion of renewable energy and adaptation to climate change. In addition, Germany provides assistance in the region through microprojects.
This text is intended as a source of basic information. It is regularly updated. No liability can be accepted for the accuracy or completeness of its contents.