{"id":37463,"date":"2025-02-19T11:04:21","date_gmt":"2025-02-19T16:04:21","guid":{"rendered":"https:\/\/www.ccc.ca\/?page_id=37463"},"modified":"2025-02-27T09:02:39","modified_gmt":"2025-02-27T14:02:39","slug":"annual-public-meeting-2023-24","status":"publish","type":"page","link":"https:\/\/www.ccc.ca\/en\/about\/transparency-and-disclosure\/annual-public-meeting-2023-24\/","title":{"rendered":"Annual Public Meeting 2023\/24"},"content":{"rendered":"\t\t
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CCC\u2019s Annual Public Meeting is completely virtual. This year\u2019s meeting features video\u202fpresentations from President and CEO, Bobby Kwon, Chairperson Douglas Harrison, and Diane Montambault, Vice President of Contract Management Operations;\u00a0 as they reflect on a record year at the Canadian Commercial Corporation. <\/span>\u00a0<\/span><\/p>

Please direct questions about the content presented in the Annual Public Meeting to <\/span>communications@ccc.ca<\/span><\/a>.<\/span>\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Transcript<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tBobby Kwon, President and CEO of CCC<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

Thank you for joining us, <\/span>merci de nous rejoindre aujourd\u2019hui<\/span><\/i>.<\/span>\u00a0<\/span><\/p>

My name is Bobby Kwon and I\u2019m pleased to serve as CCC\u2019s President and Chief Executive Officer.\u00a0<\/span>\u00a0<\/span>\u00a0
CCC delivered another record year for Canadians in 2023\u201324 \u2014 testament to a clear strategic corporate vision and strong relationships with Canadian exporters.\u00a0<\/span>\u00a0<\/span><\/p>

We continued to take decisive steps throughout the year to fulfill the objectives set out in our long-term Corporate Plan.\u00a0<\/span>\u00a0<\/span><\/p>

The Corporation facilitates exports from diverse sectors to deliver economic benefits to Canadian businesses and their employees through both international sales and by creating and maintaining Canadian jobs.\u00a0<\/span>\u00a0<\/span><\/p>

In 2023\u201324, CCC signed <\/span>$3.2 billion<\/span><\/b> in new government to government export contracts <\/span><\/b>\u2014 a 40% increase over the previous year.<\/span><\/b>\u00a0<\/span><\/p>

CCC was active in 62 countries worldwide and we supported exports of goods and services valued at <\/span>$3.6 billion.<\/span><\/b>\u00a0<\/span>\u00a0<\/span><\/p>

Our efforts<\/span> supported 559 Canadian businesses<\/span><\/b> and helped create or sustain almost 15,000 jobs in Canada.\u00a0<\/span>\u00a0<\/span><\/p>

These contracts were signed across our three business lines: the Canada-U.S. Defence Production Sharing Agreement, International Prime Contracting, and Sourcing.<\/span>\u00a0<\/span><\/p>

As Canada\u2019s steward of the Defence Production Sharing Agreement, known as the DPSA, CCC helps Canadian businesses access opportunities to sell to the United States Department of Defense.\u00a0<\/span>\u00a0<\/span><\/p>

This bilateral defence trade agreement between Canada and the U.S. enshrines Canada as part of the U.S. domestic military supply base. This allows Canadian exporters to sell goods and services to the U.S. Department of Defense on equal footing with U.S.-based competitors.\u00a0<\/span>\u00a0<\/span><\/p>

In 2023-24, <\/span>our DPSA business grew to $1.1 billion of new export contracts<\/span><\/b> for Canadian exporters, up from $885 million the year prior.\u00a0\u00a0<\/span>\u00a0<\/span><\/p>

We attribute this volume to CCC\u2019s efforts to strengthen collaboration with Canadian exporters, to increase awareness of the DPSA across the U.S. Department of Defense, and to drive new and diverse areas of Canadian supply to meet the needs of U.S. DoD today and in the future.\u00a0\u00a0<\/span>\u00a0<\/span><\/p>

CCC\u2019s support for the DPSA has been an important part of Canada-U.S. defence trade since 1956. It supports a strong, effective, highly integrated and resilient North American defence industrial base that serves the economic and strategic interests of both countries.\u00a0\u00a0\u00a0<\/span>\u00a0<\/span><\/p>

In addition to military goods, the U.S. military purchases massive volumes of food, medical equipment, and construction supplies every year. CCC works with Canadian companies, including small and medium-sized enterprises, to meet these needs, which can range from navigation and nautical systems to chartered passenger flights, surgical instruments, and even snow removal equipment. My colleague Diane will provide examples of some of these contracts later.<\/span>\u00a0<\/span><\/p>

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CCC also supported Canadian exporters through our <\/span>International Prime Contracting business line, which responds to foreign government demand for government-to-government acquisitions.\u00a0<\/span>\u00a0<\/span><\/p>

The <\/span>IPC service is designed to support Canadian business success in selling to foreign governments with end-to-end service from contract negotiation to final delivery.\u00a0<\/span>\u00a0<\/span><\/p>

The IPC service allows CCC to advocate on behalf of Canadian businesses, to seek the right terms and conditions for contract success, and to troubleshoot throughout the process, from project development to final payment.\u00a0\u00a0<\/span>\u00a0<\/span><\/p>

This business line <\/span>supports a broad range of Canadian clients and industries to sell and execute contracts with governments around the world, <\/span>with a recent focus on the transition to clean energy, especially nuclear energy, and the aerospace and defence sectors.<\/span>\u00a0<\/span>\u00a0<\/span><\/p>

In 2023\u201324, the total value of new IPC export contracts was <\/span>$1.8 billion.\u00a0<\/span><\/b>\u00a0<\/span><\/p>

CCC approaches these opportunities with a rigorous risk management approach that involves regular consultation with Government of Canada stakeholders and a due diligence regime that upholds Canada\u2019s high standards for human rights and responsible business practices.\u00a0<\/span>\u00a0<\/span><\/p>

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For our third business line, <\/span>CCC\u2019s Sourcing service provides procurement expertise and responds to urgent needs across the federal government to quickly and effectively support international aid or assistance programs.\u00a0<\/span>\u00a0<\/span><\/p>

In 2023\u201324, <\/span>CCC continued its partnership with Global Affairs Canada and the Department of National Defence to procure and deliver Canadian assistance to the Ukrainian government for a total value of <\/span>$352 million.\u00a0<\/span><\/b>\u00a0<\/span><\/p>

In addition to these three business lines, CCC builds awareness of our government-to-government contracting services among Canadian companies of all sizes and with diverse ownership profiles.\u00a0<\/span>\u00a0<\/span><\/p>

CCC supported more than 550 Canadian companies in their exporting journeys in 2023\u201324 through contracts, advisory services, and referrals. Of these companies, 80% were small or medium-sized entreprises and approximately 10% were owned or led by individuals from under-represented groups.\u00a0<\/span>\u00a0<\/span><\/p>

CCC was also actively engaged in the Minister\u2019s Business, Economic and Trade Recovery team, known as BETR.<\/span>\u00a0<\/span><\/p>

CCC\u2019s work with BETR prioritized initiatives to improve information and content about Canada\u2019s export services, to <\/span>promote Canada-ASEAN collaboration, and to <\/span>assist new Canadian exporters in their trade journey.\u00a0\u00a0<\/span>\u00a0<\/span><\/p>

CCC also delivered value to Canadian exporters with initiatives that add more value for clients. One such initiative <\/span>was launched in 2023\u201324 to guide CCC\u2019s digital transformation and strengthen the Corporation\u2019s cybersecurity.\u00a0<\/span>\u00a0<\/span><\/p>

This includes streamlining and enhancing the integration of systems and applications, improving accessibility and reliability of data for reporting and analytics, optimizing automation to improve customer experience, and standardizing operations.\u00a0<\/span>\u00a0<\/span><\/p>

The Corporation also advanced on HR strategy commitments. CCC counts its employees as its greatest asset and has increasingly focused on modernizing recruitment tools <\/span>to ensure that we have the skills to satisfy the evolving needs of Canadian exporters<\/span> and to promote the Corporation as an attractive option for top applicants.<\/span>\u00a0<\/span><\/p>

In closing, I\u2019d like to thank the Board of Directors for their continued support and guidance.\u202f<\/span>\u00a0<\/p>

I\u2019m also grateful to my management team colleagues and all our team members for their support of our clients.\u00a0<\/span>\u00a0<\/span><\/p>

As we look forward, I\u2019m optimistic about CCC\u2019s future and its ability to serve the evolving needs of Canadian companies even more effectively, to support the Government of Canada\u2019s trade priorities, and to continue <\/span>delivering even more of Canada to the world<\/span>.\u202f<\/span><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tDouglas Harrison, Chairperson of CCC\u2019s Board of Directors <\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

Hello, bonjour, and welcome to the Canadian Commercial Corporation\u2019s Annual Public Meeting. Thank you for joining us.<\/span>\u00a0<\/span><\/p>

I\u2019m Douglas Harrison, Chair of CCC\u2019s Board of Directors, and I am pleased to be here today to review the organization\u2019s results for the 2023\u20132024 fiscal year.<\/span>\u00a0<\/span><\/p>

We are presenting our meeting online so that we can reach the greatest number of Canadians. Should you have any questions pertaining to the information shared in this video, please direct them to\u202f<\/span>communications@ccc.ca<\/span><\/a>\u202fand it will be our pleasure to provide you with an answer via email.<\/span>\u00a0<\/span><\/p>

I\u2019d like to acknowledge that we are in Toronto today, and that the land on which we are gathered is the traditional territory of the Haudenosaunee<\/span>, and most recently, the territory of the Mississaugas of the Credit.\u00a0<\/span>\u00a0<\/span><\/p>

We pay our respect to the Indigenous Peoples, their ancestors, and their contributions to this great country. <\/span>Our hope at CCC is that by recognizing the land on which we live and work, it is a step to bringing about a meaningful path to reconciliation.\u00a0<\/span>\u00a0<\/span><\/p>

For almost 80 years, CCC has been supporting the Government of Canada\u2019s international trade and foreign policy agendas while helping Canadian companies sell goods and services to governments around the world.<\/span>\u00a0<\/span><\/p>

The Corporation plays a<\/span> niche but critically<\/span> important role<\/span> in Canada\u2019s trade team as the only Canadian government agency that provides international contracting expertise to Canadian businesses.\u202f<\/span>\u00a0<\/span><\/p>

We work alongside Government of Canada partners, such as Global Affairs Canada, the Department of National Defence, the Trade Commissioner Service, <\/span>and <\/span>Export Development Canada, <\/span>to promote and support exports by Canadian companies<\/span>.\u00a0\u00a0\u00a0<\/span>\u00a0<\/span><\/p>

CCC\u2019s government-to-government contracting strategy aligns with the Government of Canada\u2019s policies in international trade. It creates opportunities to develop and strengthen bilateral relationships while facilitating export opportunities for Canadian companies that might otherwise be beyond their reach.\u00a0\u00a0<\/span>\u00a0<\/span><\/p>

Despite a challenging economy in 2023\u201324 that was marked by evolving geopolitics, CCC continued to deliver record results for Canadians and for Canadian exporters.\u00a0\u00a0<\/span>\u00a0<\/span><\/p>

The Corporation delivered an almost 40% year-over-year increase in contracts signed during the fiscal year\u00a0<\/span>\u00a0<\/span><\/p>

CCC delivers its services through three business lines:<\/span>\u00a0<\/span><\/p>