Mr. Speaker, in response to questions (a), (b) and (c), during each of the fiscal years from 2000 to 2011, Canadian Commercial Corporation, CCC, did not provide funding or financial assistance to Canadian businesses operating in Cuba.
In Cuba, CCC enters into a contract with a foreign government entity for the purchase of products and services from Canada and, in turn, enters into a contract with a Canadian supplier to fulfill the obligations of the foreign government contract. As part of the method of payment of this contract, CCC pays the Canadian supplier for the invoiced value of the goods provided and extends payment to the Cuban purchaser of goods, who then pays CCC within a certain number of days, as specified in the contract.