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CCC signs MOU with South Korea to enhance bilateral defense cooperation

June 24, 2024

Ottawa, CANADA – CCC is pleased to announce it signed a Memorandum of Understanding (MOU) with the Defense Acquisition Program Administration (DAPA) of the Republic of Korea (South Korea). DAPA is responsible for the defence procurements of South Korea’s Armed Forces.   

From right: Kim Douglas, CCC’s VP of Business Development & Marketing / Seok Jong-gun, Minister of DAPA

The MOU was formally signed by Seok Jong-gun, Minister of DAPA, and Kim Douglas, CCC’s VP of Business Development and Marketing, at a ceremony held today in CCC’s offices in Ottawa. It outlines collaborative efforts between Canada and South Korea to identify and develop opportunities for defense industrial cooperation. This includes sharing know-how on government to government (G2G) procurement, creating networking opportunities for defense companies, meeting Industrial and Technological Benefits (ITB) obligations, and exploring joint ventures for third export markets. 

South Korea is Canada’s seventh largest trading partner and sixth largest import and export partner. CCC’s MOU marks a significant milestone in fostering cooperation, facilitating discussions, and exchanging information between the two nations regarding defense industry and procurement opportunities. As part of the MOU, CCC will bring Canadian companies with defence solutions that meet South Korea’s needs, and sign government to government contracts.  

CCC has decades of experience developing MOUs with government buyers that enable G2G contracts in alignment with national procurement laws. Every G2G contract signed by CCC has the legal effect of being signed in the name of the Government of Canada and comes with an assurance of contract performance. This minimizes the political, business and payments risks that Canadian exporters can face when doing business with a foreign government. It also greatly reduces the procurement contracting risks faced by foreign government buyers.  

CCC’s MOU with DAPA builds on Canada’s Indo-Pacific Strategy, which includes opening new opportunities for security cooperation with South Korea. The Indo-Pacific region is the fastest-growing in the world and South Korea is one of its largest economies, making it a crucial market for Canadian companies. CCC is also working to support Canadian businesses elsewhere in the Indo-Pacific region. Most recently, CCC signed an MOU on food security with Indonesia’s Ministry of State-Owned Enterprises that provides access to Canadian commodities like potash, wheat, grains, and soybeans.     

If you are a Canadian business looking to grow in South Korea or elsewhere in the Indo-Pacific region, have technology and solutions that foreign governments buy, contact CCC. 

 

Quote   

“CCC’s MOU with DAPA will help strengthen defense cooperation between Canada and South Korea by providing Canadian businesses with opportunities for G2G contracts, networking, and joint ventures.” – Kim Douglas, VP of Business Development and Marketing, CCC. 

 

Contact 

For media enquiries, please contact [email protected]  

 

About CCC 

CCC is 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 U.S. Department of Defense designated contracting authority for procurements from Canada. To learn more about how we have facilitated billions in trade between Canadian businesses and governments around the world, visit ccc.ca. 

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