ST. JOHN’S (GNB) – The governments of New Brunswick and Newfoundland and Labrador have signed a memorandum of understanding on free trade and labour mobility.

Newfoundland and Labrador is New Brunswick’s fourth-largest trading partner based on two-way trade.

“We’re working to ensure that all products, services and credentials that are approved by Newfoundland and Labrador are automatically recognized by New Brunswick and vice versa,” said Premier Susan Holt. “Newfoundlanders and New Brunswickers have long been good friends, and now we will be great trading partners.”

To boost the Canadian economy and combat tariffs from the United States, the premiers are working with each other and the federal government to reduce interprovincial trade barriers. This memorandum of understanding commits both parties to improve labour mobility and the flow of goods and services, and increase investments that will contribute to sustained economic activity.

“This partnership reflects the shared commitment of our two provinces to build a more connected Atlantic Canada for the betterment of our residents and economy,” said Newfoundland and Labrador Premier Andrew Furey. “Through today’s memorandum of understanding, Newfoundland and Labrador and New Brunswick will work together to create new opportunities that promote internal trade and advance infrastructure projects, that ultimately contribute to a stronger Canada.”

This is the second memorandum of understanding on free trade and labour mobility signed by the provincial government. A similar one was signed last week with the government of Ontario.

The government introduced legislative amendments last month, aimed at improving labour mobility and reducing interprovincial barriers. Amendments to the Fair Registration Practices in Regulated Professions Act, if passed, would allow workers in regulated professions to begin working immediately in the province during the registration process.