Newfoundland and Labrador and New Brunswick Sign Memorandum of Understanding to Improve Trade and Labour Mobility

The governments of Newfoundland and Labrador and New Brunswick have signed a memorandum of understanding on free trade and labour mobility. Newfoundland and Labrador is New Brunswick’s fourth largest trading partner when considering two-way trade.

In an effort to boost the Canadian economy and combat tariffs from the United States, Canada’s Premiers are working together with the Federal Government to reduce interprovincial trade barriers.

This agreement commits both parties to improve labour mobility, flow of goods, services, and investment that will contribute to sustained economic activity.

The Provincial Government has earmarked $200 million in a contingency fund to support those negatively affected by U.S. tariffs, made changes to Credit Union Regulations, and launched the Seafood Marketing Support Program.