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 Government of Newfoundland and Labrador is working as part of a united Team Canada approach to identify interprovincial trade barriers that can help create new economic opportunities. It has also led a series of productive roundtable discussions with industry, community, and labour that have helped inform the creation of Buy Newfoundland and Labrador, Canada campaign, which includes local marketing to encourage residents to support local and Canadian businesses, as well as trade development activities.

The Provincial Government has also 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.

Quotes
“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. Through today’s MOU, 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.”
Honourable Dr. Andrew Furey
Premier of Newfoundland and Labrador

“Canada is coming together to break down interprovincial trade barriers and I’m proud to be taking the next steps with Premier Furey and Newfoundland and Labrador. 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. Newfoundlanders and Labradorians and New Brunswickers have long been good friends, and now we will be great trading partners.”
Susan Holt
Premier of New Brunswick