Canadian Commercial Corporation

The Canadian Commercial Corporation (CCC) is a Crown corporation of the Government of Canada that supports trade for Canada by helping Canadian exporters access foreign government procurement markets through government-to-government contracting. CCC was established in 1946 to support reconstruction efforts undertaken following the Second World War to help the Government of Canada channel aid to European countries and facilitate access to products and services from Canada. CCC has evolved since that time but remains true to its original commitment to provide governments around the world with access to quality Canadian products and services that meet their critical infrastructure and national security needs.

CCC’s mandate is articulated in the Canadian Commercial Corporation Act.[1] As a parent Crown corporation under Schedule III of the Financial Administration Act,[2] CCC reports to Parliament of Canada through the Minister of International Trade. CCC operates at arm’s length from the Canadian federal government and according to commercial principles. CCC two main funding sources are an appropriation voted by the Parliament of Canada and fees generated by service offerings.

CCC is an integral part of the Government of Canada’s International Trade portfolio. The portfolio also includes the Global Affairs Canada and Export Development Canada.

Role of CCC

A contract entered into by CCC with a government of another nation to deliver Canadian goods or services carries with it the assurance of the Government of Canada that the contract will be performed in accordance with the terms and conditions of the contract. CCC does not provide financing for international contracts (this is handled by Export Development Canada); instead, CCC facilitates back-to-back contracts, signing one contract with a Canadian exporter, and another with a government of another nation. This gives the government buyer the security of contracting directly with the Government of Canada, while allowing the exporter access to contracts they would not otherwise be well-known enough to win.

Corporate Governance

CCC's corporate best practices and corporate social responsibilities are outlined in the Canadian Commercial Corporation Act and the Code of Conduct and Business Ethics.[3]

Contracting with the U.S. Department of Defense

In 1956, CCC was given responsibility, on behalf of the Government of Canada, to administer the Defence Procurement Sharing Agreement, which requires that defence exports over US$150,000 from Canada to the U.S. Department of Defense be contracted through CCC. A Letter of Agreement was also put in place for the supply of goods and services to National Aeronautics and Space Administration in 1960. [4]

Business Lines

CCC delivers its government-to-government contracting services through two core lines of business:

  1. Global Defence and Security (GDS) sales, which includes administering the Canada-United States Defence Production Sharing Agreement (DPSA)[5][6]
  2. International Commercial Business (ICB) sales[7]

Board of Directors

CCC is governed by a Board of Directors that exercises its responsibilities in keeping with the general provisions of the CCC Act and Part X of the Financial Administration Act. The Board of Directors is accountable for the affairs of CCC and ensures the proper delivery of public policy on behalf of the Government of Canada.The Board of Directors is appointed by the Government of Canada and represent the Canadian business community and the federal government.

References

  1. ↑ Canadian Commercial Corporation Act
  2. ↑ CCC's Financial Administration Act
  3. ↑ CCC's Social Responsibility Policies
  4. ↑ CCC, U.S. Department of Defense and NASA
  5. ↑ CCC History of Work In Area - Global Defence and Security
  6. ↑ CCC History of Work In Area - US Defence and Security
  7. ↑ CCC History of Work In Area - International Commercial Business

External links

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