Ottawa, CANADA – Canada has released its new Indo-Pacific strategy and Canadian Commercial Corporation (CCC) is pleased to announce that it presents significant opportunities for Canadian businesses to grow their exports to governments in the region through CCC’s government to government (G2G) contracting.
Encompassing 40 economies, over four billion people and $47.19 trillion in economic activity, the Indo-Pacific region is the world’s fastest growing-region and home to six of Canada’s top 13 trading partners. The Indo-Pacific region is also expected to have 50 percent of world’s GDP by 2040, 50 percent of global greenhouse gas emissions and 65 percent of world’s population.
“The region’s economic dynamism and population growth is driving demand for solutions offered by Canadian companies and purchased by foreign governments including, aerospace and defence, agriculture and fisheries, information and communications technologies (ICT), Agricultural commodities plus AgTech, clean technology and green infrastructure,” said Wilson Pearce, Senior Director, Global Business Development at CCC.
In the infrastructure sector alone, there is an estimated $2.1 trillion opportunity for strategic investments and partnerships in the Indo-Pacific.
Canada’s Indo-Pacific Strategy also expands and deepens regional partnerships and will seek to reinforce Canada’s influence among partners and allies in the region, offering more diplomatic, economic, military, and technical support and cooperation.
This objective within Canada’s regional strategy is good news for Canadian businesses offering national security and public sector solutions, as they can leverage CCC and other Government of Canada partners to open doors in these markets.
“In partnership with the Trade Commissioner Service and EDC, CCC is well positioned to open new G2G contracting opportunities between Canadian exporters and foreign governments in the region,” added Mr. Pearce.
CCC has been actively involved in the Indo-Pacific region and recently announced new G2G initiatives in the region. For example, CCC signed a new Memorandum of Understanding (MOU) with the Ministry of State-Owned Enterprises of Indonesia for access to Canadian commodities, including potash, wheat, grains and soybeans. CCC also signed an MOU for the development of a Green Airport, which is part of the country’s plan to reduce emissions by 31.9 percent by 2030. Elsewhere, the government in Bangladesh has secured additional exports of potash through CCC.
If you are a Canadian business looking to grow in the Indo-Pacific region, have technology and solutions that governments buy, and are looking for Government of Canada support through government to government contracting, contact CCC.
- Government to government (G2G) contracts are agreements between government entities for the purchase of products, services, or solutions.
- G2G contracts are often used for the purchase of goods and services of national security and importance, such as the purchase of aircraft or agricultural products. They can also be used for public work contracts, such as the construction of airports, hospitals, and water sanitation systems.
- CCC’s signature G2G contracting service is called International Prime Contractor. One of its key values is that all contracts under the service receive a guarantee from the Government of Canada that they will completed as per the terms of the agreement.
- Between 2012 and 2022, CCC signed $23 billion worth of G2G contracts.
CANADA’S TRADE CONNECTIONS WITH THE INDO-PACIFIC
- $226B Annual 2-way merchandise trade between Canada and Indo-Pacific Region
- $64.4B Value of 2-way capital investment from 2020 to 2022
- 1 percent of Canada’s total merchandise exports in 2021
- Two-way service trade has grown by 80 percent since 2010
ABOUT CANADIAN COMMERCIAL CORPORATION (CCC)
We are Canada’s government to government contracting agency. We help build successful commercial relationships between Canadian businesses and governments around the world through our government to government contracting approach. We are also the Government of Canada’s designated contracting authority for U.S. DoD requirements from Canada. To learn more about how we have facilitated billions in trade between Canadian businesses and governments in over 30 countries, visit www.ccc.ca/en/.