Prime Minister Stephen Harper today announced a Memorandum of Understanding (MOU) between Canada and the Philippines that will create new opportunities for Canadian businesses in the defence and security sector. The Prime Minister made the announcement during an official visit to the country.
“Canada and the Philippines continue to increase cooperation on security issues,” said the Prime Minister. “This MOU will enable the Philippines to acquire the equipment and expertise it needs to fulfill the country’s defence and security agenda, while creating opportunities for the Canadian defence and security sectors in the Philippines.”
The MOU between the Canadian Commercial Corporation (CCC) and the Filipino Department of National Defence (DND) will enable the Philippines to acquire Canadian defence- and security-related equipment, systems and services on a direct, sole-source basis through the CCC. The MOU is effective immediately.
The Government of Canada, through CCC, will guarantee the terms and conditions of contracts signed between CCC and the Philippines.
Canada’s defence and security sector employed 109,000 Canadians and generated over $12.6 billion to the Canadian economy in 2011, slightly more than half of which came from international markets.
Canada works closely with the Philippines to advance security-sector reforms and capacity development.