Suriname’s economy is small with public sector activities, mining and services being the major sectors. The agriculture sector and fisheries contribute a relatively small share of gross domestic product, averaging at about 5-7% annually. Nevertheless, the sector has high potential for contributing to economic diversification, employment generation and adaptation to climate change.
The EU’s strategic objectives pursued in the current programming period for 2014-2020 include:
- Strengthening the capacities of the ministry of agriculture and related agencies, as well as the private sector to enable safer, more sustainable and competitive production of selected agricultural products.
- Safeguarding of ecosystem services, giving priority to locally developed practices and focusing on smallholder agriculture and rural livelihoods, formation of producer groups, the supply and marketing chains, and government efforts to facilitate responsible private investment.
In line with the Human Rights Strategy, the priority areas targeted include:
- human rights (domestic violence/trafficking in persons)
- business climate
- climate change
Under the current programming period (2014-2020), sustainable agriculture has been identified as priority area. €13.8 million has been allocated to boost sustainable agriculture production, economic diversification and employment generation and improve life and wealth prospects of Surinamese people.
As a member of the Caribbean Community (CARICOM) and the Forum of the Caribbean Group of African, Caribbean and Pacific States (CARIFORUM), Suriname benefits from regional programmes funded under the Caribbean Regional Indicative Programmes.
The country is also a signatory of the EU-Caribbean Partnership Agreement (EPA) a comprehensive free trade agreement with a strong focus on development cooperation.