Suriname signs CARIFORUM-UK EPA

first_imgSuriname signs CARIFORUM-UK EPA The deal was signed on 4 March in Suriname by Surinamese Minister of Foreign Affairs, International Business and International Cooperation, Albert R. Ramdin, witnessed in London by the United Kingdom’s Minister for International Trade, Ranil Jayawardena.Once applied, the Economic Partnership Agreement (EPA) will provide duty-free and quota-free access to the United Kingdom. The Agreement also includes the gradual liberalisation of tariffs on many UK exports to Suriname, including machinery, whisky and cars.The EPA also provides generous market access for both sides on services trade, and has provisions on intellectual property, procurement, competition and other modern trade policy issues. This is important for the deepening of bilateral trade and investment relations between the United Kingdom and Suriname.International Trade Minister Ranil Jayawardena said:This agreement will be key to strengthening our bonds of prosperity, and will support jobs and livelihoods in both our countries as we look to build back better from Covid-19. I look forward to working in close partnership with Suriname and all CARIFORUM States as we continue to forge deeper trade and investment ties in 2021 and beyond.UK Acting Non-Resident Ambassador to Suriname Ross Denny said:That we have found a way for Suriname to sign the agreement, despite travel and other restrictions in the UK and Suriname as a result of the Covid-19 pandemic, shows the deep commitment of both sides to this Agreement.Total trade in goods and services between the United Kingdom and Suriname was £19 million in 2019. Suriname’s exports to the United Kingdom include around £270,000-worth of fish and shellfish.Suriname becomes the 14th CARIFORUM State to sign the CARIFORUM-UK EPA, securing continuity for trade and preservation of market access between the United Kingdom and 14 CARIFORUM States, providing vital assurance to businesses, consumers and investors.Notes /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:agreement, Albert, Ambassador, business, EPA, Foreign Affairs, Government, International trade, Investment, London, Minister, property, Ross, Suriname, UK, UK Government, United Kingdomlast_img read more