Canadian Commercial Corporation
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. The CCC was created by the 1946 Canadian Commercial Corporation Act, 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”. In 2007, the CCC won an award for excellence in electronic client relationship management, presented by the Treasury Board of Canada Secretariat.
); instead, the CCC facilitates back-to-back contracts, signing one contract with a Canadian exporter, and another with a foreign government buyer. 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. All liability for the performance of the contract is passed on to the Canadian company.
-related purchases from Canada valued over $100,000 must be facilitated by the CCC.
of the CCC is made up of 11 members:
Government of Canada
The Government of Canada, formally Her Majesty's Government, is the system whereby the federation of Canada is administered by a common authority; in Canadian English, the term can mean either the collective set of institutions or specifically the Queen-in-Council...
that facilitates Canadian
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
exports by negotiating and executing government-to-government
Government-to-government
Government-to-Government is the online non-commercial interaction between Government organisations, departments, and authorities and other Government organisations, departments, and authorities...
(G2G) contracts. The CCC was created by the 1946 Canadian Commercial Corporation Act, and is mandated “to assist in the development of trade
International trade
International trade is the exchange of capital, goods, and services across international borders or territories. In most countries, such trade represents a significant share of gross domestic product...
between Canada and other nations and to assist persons in Canada to dispose of goods and commodities that are available for export from Canada”. In 2007, the CCC won an award for excellence in electronic client relationship management, presented by the Treasury Board of Canada Secretariat.
Role of CCC
The CCC does not provide financing for international business deals (this is handled by Export Development CanadaExport Development Canada
Export Development Canada is Canada's export credit agency. It is a Crown corporation wholly owned by the Government of Canada, which provides financing and risk management services to Canadian exporters and investors in up to 200 markets worldwide, with spread across all provinces in Canada, and...
); instead, the CCC facilitates back-to-back contracts, signing one contract with a Canadian exporter, and another with a foreign government buyer. 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. All liability for the performance of the contract is passed on to the Canadian company.
Contracting with the U.S. Department of Defense
The U.S. Federal Acquisition Regulation requires that all American defenceDefense (military)
Defense has several uses in the sphere of military application.Personal defense implies measures taken by individual soldiers in protecting themselves whether by use of protective materials such as armor, or field construction of trenches or a bunker, or by using weapons that prevent the enemy...
-related purchases from Canada valued over $100,000 must be facilitated by the CCC.
Board of directors
The Board of DirectorsBoard of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
of the CCC is made up of 11 members:
- Alan R. Curleigh
- Martine Corriveau-Gougeon
- Robert Kay
- Dan Ross
- Andrew Saxton
- Sam Shaw
- Stephen Sorocky
- Ken SunquistKenneth SunquistKenneth Sunquist is currently the Assistant Deputy Minister of the Global Operations Branch and Chief Trade Commissioner atForeign Affairs and International Trade Canada. Sunquist previously served as the Canadian ambassador to Indonesia...
- Norman A. Turnbull, CA
- Peter M. Wright
- Marc Whittingham