CCI Response to the Canadian Government’s NATO Spending Target

Today, Prime Minister Justin Trudeau announced that the government intends to meet the NATO target of spending 2 per cent of GDP on defence by 2032. In response, CCI President Benjamin Bergen issued the following statement, on behalf of our members:

"Strategic procurement is the most potent tool available to the government in driving economic development, and nowhere is this more true than in the realm of defence spending. The government’s stated intention to increase defence spending and meet the NATO target of 2% of GDP in the years ahead represents a significant opportunity to enhance our national security while also driving economic growth.

"Cyber threats are among the most vital concerns for national security in the 21st century, and Canada is home to many domestic cybersecurity companies — sectoral leaders that are already providing key capabilities to our NATO allies.

"As recently as earlier this year we have seen the government step away from programs like Innovative Solutions Canada and IDEaS because they have failed to build the policies and expertise to welcome Canadian suppliers into the procurement process. This must change, if taxpayers are to get maximum value for money out of their defence spending.

"To truly capitalize on the opportunity of increased defence spending, the government needs to ensure that Canadian firms are not shut out of the procurement process. If Canadian innovators are in the best position to showcase their capabilities and win contracts, Canada can foster a thriving cybersecurity industry at the forefront of innovation."

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Media Contact:
James McLeod
Director of Communications
jmcleod@canadianinnovators.org