This essay ECONOMY Http://suriname.org has a total of 621 words and 4 pages.
Millions of plants. All kinds of valuable deposits. Suriname covers more than 63,064 square miles, making it roughly the same size as Uruguay, slightly larger that Florida and Georgia combined, and about half as big as Poland. Natural resources include bauxite, gold, iron ore, nickel, copper, platinum, timber, hydro-power potential, fish, shrimp, and a vast, largely unexplored rain forest filled with ecotourism attractions. Wildlife includes tapir, deer, jaguar and puma preserved in several nature reserves. One of the smallest countries in South America, Suriname has many rivers and some mountains, with its largely uncultivated rain forest, rich in tropical trees and exotic plants, covering more than 80% of its land mass. The nation's topography is part of the geographical formation known as the Guyana Shield, a mineral-dense layer of the earth's crust estimated to be two billion years old, and a contributing factor to gold being discovered in Suriname in the 1880's.
Bauxite is big. And getting bigger. Suriname is one of the world's largest producers of bauxite, all of which is processed locally into alumina andaluminum, but most is exported to the United States and The Netherlands. Bauxite accounts for more than half of the total value of all exports. From US $1300/ton in October, 1996, aluminum prices had risen to US $1600/ton by the end of April 97, and the trend is upwards.
Other industries with the potential to shine in Suriname. Other mineral deposits include iron ore, manganese, nickel, platinum anduranium. Diamonds are collected from the riverbeds by private operators.Offshore deposits of petroleum and petroleum bearing sands were discovered in 1900, and crude oil production is promising. Staatsolie, the state oil company reported that output increased 6.7% in 1996, and is expected to increase almost 18% in 1997. Equipment used in mining operations is primarily U.S. And it is expected that Suriname's proposed new mineral law will lower royalties, corporate taxes and guarantee stability during exploration and development of mineral resources. The coastal region in the north of Western Suriname is the region where the country chief agricultural products are cultivated. These include rice, bananas, sugarcane, coconuts, oranges, pineapples and palm oil.
Long Term Development Financing
State of the Art Domestic and Offshore Banking Laws
Free Trade Zones
Modern Labor Code
Aggressive Fiscal Incentives
President Jules WIJDENBOSCH
PRETAAPNARIAN RADHAKISHUN 1996-
The red band symbolizes progress and the fight for a better life. The white band stands for freedom and justice. The green band symbolizes the fertility of the Surinamese soil and the yellow star the promising future of Suriname.
The coat of arms of Suriname consists of two Indians holding a shield. Below the Indians and the shield you find the motto `Justitia Pietas Fides' which means `Justice Faith Loyalty'. The sailing boat at the left part of the shield symbolizes the history of Suriname when slaves were taken to Suriname from Africa. The palm at the right part of the shield stands for the present as well for justice. The diamond in the middle symbolises a hart. The five-point star within the diamond stands for the five continents the inhabitants from Suriname came from.
Suriname was originally part of the coastal area called Guiana. It changed ownership between Holland and Britain many times, but eventually ended up in the hands of the Dutch in 1667 after they signed the treaty of Breda with the British. As a consequence of the treaty, Holland lost possession of their North-American colony (Nieuw Amsterdam), which is now New York City!
Like most countries in the region, Suriname was primarily a plantation colony. Many Africans
Topics Related to ECONOMY Http://suriname.org
Member states of the Caribbean Community, Member states of the Union of South American Nations, Member states of the United Nations, Northern South America, Republics, Suriname, Guyana, Pretaap Radhakishun, Surinam, Bauxite, Economy of Suriname
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