Ottawa, CANADA – CCC is pleased to announce record-breaking export contracts in its latest annual report. In the year ending March 31, 2023, the value of new export contracts signed across CCC’s entire business increased by over 60 percent, reaching $2.26 billion, compared to $1.4 billion in 2021-2022.
Looking across its business lines, the United States Department of Defense signed export contracts with CCC worth over $885 million with 30 Canadian companies in 2022-2023. Exports to other foreign governments increased by $440 million compared to the previous year, totaling over $900 million. These contracts reflect a shift towards an increased number of governments turning to Canada as a partner and the growing interest in government to government (G2G) contracts for procuring goods and services.
The impact of CCC’s activities in Canada is also noteworthy. CCC supported over 13,000 Canadian jobs through its export contracts and served over 760 Canadian companies, of which 75 percent were small and medium enterprises. Nearly 3,000 users have registered with CCC’s Global Bid Opportunity Finder (GBOF.ca) to identify public sector opportunities in the United States and other jurisdictions.
Through its sourcing service, CCC delivered $476.4 million in military aid on behalf of the Government of Canada, including supplying Ukraine’s armed forces with 500,000 winter items, including jackets, pants, boots, gloves, parkas, portable heaters, thermal blankets, and sleeping bags.
CCC is the only Canadian government agency offering international contracting expertise to forge successful commercial contracts between Canadian businesses and foreign governments to grow Canada’s exports and strengthen bilateral commercial relations between Canada and other nations. Discover more about the impact of CCC’s activities in the 2022-2023 fiscal year.
Quotes
- “CCC’s resilience in 2022-2023 stems from its strategy to grow Canadian exports internationally; to deliver value to Canadian exporters through operational excellence; and to embed environmental, social, and governance (ESG) principles in everything that we do. This strategy aligns with the direction provided by the Government of Canada’s July 2021 Statement of Priorities and Accountabilities and has renewed the Corporation’s purpose.” – Douglas J. Harrison, CCC Board Chairperson.
- “CCC delivered strong results for Canadians in 2022–2023, including supporting Canadian businesses in exporting $3.55 billion in goods and services, helping to create and sustain over 13,430 Canadian jobs, signing new export contracts worth $885 million under the Canada-U.S. Defence Production Sharing Agreement and supporting our Government of Canada partners in purchasing more than $475.7 million in goods and services for Ukraine. This impressive year would not have been possible without the support of our Board of Directors, collaboration with Government of Canada stakeholders and the deep expertise of our team at CCC.” – Bobby Kwon, CCC President and CEO.
About CCC
The Canadian Commercial Corporation (CCC) is Canada’s government to government (G2G) contracting agency. The Corporation builds successful commercial relationships between Canadian businesses and governments around the world through a government to government contracting approach. CCC is also the Government of Canada’s designated contracting authority for U.S. Department of Defense procurement from Canada. Learn more about how CCC facilitates billions in trade between Canadian businesses and governments around the world at www.ccc.ca.
