Canadian Commercial Corporation

From Wikipedia, the free encyclopedia

The Canadian Commercial Corporation (CCC), is a crown corporation of the Government of Canada that facilitates Canadian exports by negotiating and executing government-to-government (G2G) contracts.^[1] The CCC was created by the 1946 Canadian Commercial Corporation Act,^[2] and is mandated “to assist in the development of trade between Canada and other nations and to assist persons in Canada to dispose of goods and commodities that are available for export from Canada”. ^[3] In 2007, the CCC won an award for excellence in electronic client relationship management, presented by the Treasury Board of Canada Secretariat.^[4]

Contents 1 Role of CCC 2 Contracting with the U.S. Department of Defense 3 Board of Directors 4 References 5 External Links

[edit] Role of CCC

The CCC does not provide financing for international business deals (this is handled by Export Development Canada); instead, the CCC facilitates back-to-back contracts, signing one contract with a Canadian exporter, and another with a foreign government buyer.^[5] This gives the foreign 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.^[6] All liability for the performance of the contract is passed on to the Canadian company.

[edit] Contracting with the U.S. Department of Defense

The U.S. Federal Acquisition Regulations require that all American defence-related purchases from Canada valued over $100,000 must be facilitated by the CCC.^[7][8]

[edit] Board of Directors

The Board of Directors of the CCC is made up of 11 members:^[9][10]

• Alan R. Curleigh
• Martine Corriveau-Gougeon
• Robert Kay
• Dan Ross
• Andrew Saxton
• Sam Shaw
• Stephen Sorocky
• Ken Sunquist
• Norman A. Turnbull, CA
• Peter M. Wright
• Marc Whittingham

[edit] References

[edit] External Links

• Canadian Commercial Corporation homepage
• U.S. Federal Acquisition Regulation