1. Commercialization of IP in Suriname The current situation from a business perspective

2. Situation in Suriname The cases of two Suriname’s, namely : – Commercialization of IP has taken fully root in Suriname, but some limiting circumstances remain – Business activities are being undertaken on the basis of commercialization of IP by foreign companies

3. Situation in Suriname (Cont’d) Commercialization of IP has taken fully root in Suriname, but some limiting circumstances remain, such as : – Absence of a comprehensive legal framework and enforcement mechanism – Lack of knowledge How to secure IPR No awareness of IPR

4. Situation in Suriname (Cont’d 1) Commercialization of IP has taken fully root in Suriname, because : – There are many local producers of goods and services, so commercialization has taken place, but IPR issues remain – There are also some well established local brands Naskip Fernandes softdrinks (also overseas) Rossignol Franchise (also overseas)

5. Situation in Suriname (Cont’d 2) Business activities are being undertaken on the basis of commercialization of IP by foreign companies and the most prominent forms are, where Surinamese companies are purchasers: – Franchise : Production of goods (Coca Cola) Fast Food (McDonald’s, KFC, Burger King, Rituals[T&T]) Professional services (accounting, advisory) – Exclusive distributorship : Alcohol, Cars

6. Situation in Suriname (Cont’d 3) Business activities are being undertaken on the basis of commercialization of IP by foreign companies in Suriname are: – Production of goods and services, for example : Parbo Bier – Subsidiaries of MNCs : Mining Banking Professional services

7. Main challenges for Businesses Counterfeit (Sishado condiments) Copyrights infringements Contraband (alcohol, cigarettes) Imports of refurbished goods (cars)