Description
Investment Partnerships Canada was established in 1996 as part of the federal
investment strategy designed to attract Foreign Direct Investment (FDI)
to Canada, particularly from Multinational Enterprises (MNEs).
Investment Partnerships Canada (IPC)
works to coordinate the federal government's investment strategy, also working
closely with the provinces, territories and major municipalities. In creating an
investment partnership between Industry Canada and Department of Foreign Affairs
and International Trade (DFAIT),
IPC is unique in the
government in that it reports equally to two Deputy Ministers (DMs)
and two Ministers from two different departments.
Shared Outcome(s)
The long-term objectives of investment promotion and attraction activities are
to improve Canada's position as a preferred location of FDI,
by attracting new investment and encouraging re-investment by existing
affiliates, thus contributing strongly to productivity growth and an innovative
economy. The logic model identifies how the broad partnership, including IPC,
is involved in the federal investment strategy.
IPC's Performance
Measurement Framework for each of the strategic pillars and support functions
was updated and confirmed in 2003. IPC
has developed and implemented a data collection system launched on April 1,
2002. IPC is also
working with its partners to develop a broad knowledge-management system, and a
more horizontally coordinated and strategic communications plan.
IPC and Industry
Canada partners will work together in 2003/04 to define a performance framework
for the investment strategic pillar. Partners have not yet defined common
outcomes for the initiative.
Governance Structures
The federal investment strategy has four pillars: setting the right investment
climate, developing strategic marketing and communications plans, implementing
specific investment programs, and managing the partnerships. The primary lead
for the strategy, and the partnership is Investment Partnerships Canada, which
reports to the DMs of IC
and International Trade.
IC, Agriculture and Agri-Food
Canada (AAFC) and
Natural Resources Canada (NRCan)
develop sector strategies, identify sector targets, do domestic corporate calls,
prepare sectoral marketing material, resolve sectoral issues, etc. A geographic
perspective is provided by DFAIT,
which, through the posts abroad, develop country strategies, identify foreign
targets, do foreign corporate calls, customize the marketing material for the
market, and follow-up with the investor. The various sector and country
strategies are integrated through IPC
into action plans for priority markets.
Other government departments are involved in investment through their policy,
sectoral expertise, regional and individual roles. One of the unique aspects of
the investment program has been the direct involvement of Deputy Ministers. In
1997, seven deputies were designated as investment champions for priority
markets. The Deputy Minister Investment Champion (DMIC)
program has been instrumental in raising the profile and priority assigned
investment within the federal government and throughout Canada. IPC
is re-examining the DMIC
program and will make recommendations on its structure and use. The 19-member IPC
DMs Board was created, in the fall of 2001, to bring together the federal
departments necessary to advance the investment strategy. Members are appointed
by the Clerk, upon the suggestion of the DMs of Industry and International Trade
who co-chair the Board. This Board has been amalgamated with the DMs Board for
Team Canada Inc, to effect greater coordination and collaboration between trade
and investment development.
Partners
The primary investment partnership is between Industry Canada (IC)
and DFAIT,
which created a joint-venture organization bringing together human and financial
resources.
Investment is a line of business in multiple government departments. 19
federal departments and agencies have a role in investment, and are represented
on the IPC DMs
Board. The extent of the partnership varies with each department's role. A
partnership exists with the provincial and territorial governments, as well as
key municipal governments. There are continual contacts at the working level and
regular formal consultations and briefings.
Contact
Paul Desbiens 613-941-9272
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