Tag: Suriname

  • Illegal Cigarette Trade Costs Suriname $40M 

    Illegal Cigarette Trade Costs Suriname $40M 

    Illegal cigarette trading remains a major challenge in Suriname, with government revenue losses estimated at $40 million per year, according to a presentation to the parliamentary committee overseeing the Ministry of Economic Affairs. The presentation linked the expansion of smuggling to tax increases introduced in 2006, noting that illicit trade persists despite periods of improvement. Smugglers are moving both genuine cigarettes and counterfeit “cheap whites” into the country. 

    Authorities also highlighted links between cigarette smuggling and other criminal activities, including drug trafficking, human trafficking, weapons trading, and money laundering. Free-trade zones remain an important enforcement challenge, with importers and traders continually developing new methods to evade detection. 

    The presentation called for greater coordination among finance, trade, security and public-health authorities to address the illicit market and protect government revenues. 

  • Suriname Lawmaker Says Illicits Make Up 75% of Cigarette Market

    Suriname Lawmaker Says Illicits Make Up 75% of Cigarette Market

    Suriname lawmaker Wedprekash Joeloemsingh warned that illicit cigarettes now account for an estimated 75% of the country’s tobacco market, arguing that further tobacco tax increases could accelerate the shift away from legal sales. Joeloemsingh said the government is losing more than SRD 500 million ($13.5 million) in tax revenue due to illegal trade, alleging that cigarettes enter the market through both smuggling and diversion of goods imported as transit shipments. He called on the government to investigate the illicit market and strengthen enforcement rather than relying on additional tax increases.