Newfoundland and Labrador and New Brunswick have inked an agreement on free trade and labour mobility.
The memorandum of understanding was signed this afternoon by premiers Andrew Furey and Susan Holt at Confederation Building in St. John’s.
The plan is to ensure as many products, services and credentials as possible are approved and recognized by both provinces in order to boost the Canadian economy and combat tariffs from the United States.
It’s all part of efforts to reduce interprovincial trade barriers, in concert with the federal government.
The MOU commits both provinces to improve the flow of workers, goods and services across borders, “and increase investments that will contribute to sustained economic activity.”
Newfoundland and Labrador is New Brunswick’s fourth-largest trading partner based on two-way trade.
