OTTAWA, Nov. 14, 2022 (GLOBE NEWSWIRE) — The Canadian Commercial Corporation (CCC) is pleased to announce two new Memoranda of Understanding (MOUs) that will help qualified Canadian exporters secure government contracts in Indonesia. Memoranda of Understanding are formal agreements that allow countries to engage in projects of mutual interest to develop and deepen bilateral relations.
Memorandum of understanding for the development of a Green airport
On the sidelines of the 2022 G20 Summit in Bali, Indonesia, CCC entered into a memorandum of understanding with the province of North Kalimantan for the development of a Green airport. The airport concept is part of Indonesia’s COP21 commitments to further develop the country’s economy, while reducing emissions by 31.9% by 2030. The proposed airport will connect 8 other airports and provide local aquaculture and agriculture industries with more direct access to major international markets. markets.
In addition, CCC is working with the Canadian Embassy and the Canadian Trade Commissioner Service to foster other opportunities for airport assets in Indonesia.
Memorandum of Understanding on Food Security, Agricultural Products and Services
In preparation for the G20 summit, CCC also signed a memorandum of understanding with Indonesia’s Ministry of Public Enterprises regarding food production. It aims to address growing food security concerns resulting from the Russian invasion of Ukraine, by providing access to Canadian products, including but not limited to potash, wheat, grains, soybeans, as well as other agricultural goods and services that may be appropriate. The MOU will not replace existing commercial orders and is intended to provide the Indonesian government with the optional ability to purchase and contract products and services in this sector.
Through these two MOUs, CCC will bring Canadian companies to Indonesia and provide a unique Government of Canada guarantee. Under the International Prime Contractor Program, CCC signs government-to-government (G2G) contracts that have the legal effect of being signed on behalf of the Government of Canada, guaranteeing contract performance.
CCC has decades of direct experience in developing memorandums of understanding with government buyers that enable government-to-government contracts in accordance with national government procurement laws.
If you have an international opportunity and would like to know if an MOU applies to your potential transaction, contact our team.
“With the Canadian Commercial Corporation’s government-to-government contracting solution, qualified Canadian exporters in the infrastructure and agriculture sectors will now be able to bring their world-class, made-in-Canada solutions to major projects. in Indonesia. The MoUs will allow our countries to engage in meaningful projects that benefit businesses on both sides of the Pacific. – Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development.
“CCC is proud to advance the commercial relationship between Canada and Indonesia. These MOUs will enable CCC to engage Canadian companies in addressing the priorities of the Ministry of State Enterprises and the North Kalimantan Provincial Government. – Bobby Kwon, President and CEO of the Canadian Commercial Corporation.
- Indonesia ranks second for Canadian direct investment in the Southeast Asian region. Canadian direct investment was valued at $2.2 billion at the end of 2021.
- Indonesia is Canada’s largest export market in Southeast Asia. In 2021, two-way merchandise trade between Canada and Indonesia was valued at C$4.2 billion.
- Canada and Indonesia have launched negotiations for a Comprehensive Economic Partnership Agreement in 2021 and the third round of negotiations has been set for the week of October 31, 2022.
- The Indonesian government has allocated US$423 billion for an infrastructure development program in the last 5 years of its 20-year national development plan (2005 to 2025).
- The Indonesian government also established the Indonesia Investment Authority (INA) in 2021 to engage with leading global and domestic investors in key sectors including infrastructure.
ABOUT THE CANADIAN COMMERCIAL CORPORATION (CCC)
We are Canada’s government-to-government contracting agency. We help build successful business relationships between Canadian companies and governments around the world by creating and supporting the successful completion of commercial contracts of public and national significance. We are also the official channel for Canadian companies wishing to do business with the US military. To learn more about how we have facilitated billions of dollars of trade between Canadian businesses and governments in over 30 countries, visit www.ccc.ca/en/
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5948c6d8-fec4-4e7d-ae06-cca3ae4fc9ab