P.E.I. signs trade agreement with Saskatchewan

CTV News

a day ago

P.E.I. and Saskatchewan have signed a memorandum of understanding to reduce trade barriers. (Source: Prince Edward Island)
Prince Edward Island and Saskatchewan have signed a memorandum of understanding (MOU) to reduce interprovincial trade barriers amid the ongoing tariff dispute with the United States.
P.E.I., which signed MOUs with New Brunswick and Ontario earlier this summer, said the agreement with Saskatchewan will strengthen the economic ties between the two provinces.
'The agreement supports a shared commitment to reducing interprovincial trade barriers and aligns with PEI's Interprovincial Trade and Mobility Act,' a news release reads. 'It provides a framework for greater cooperation between the two provinces, focused on recognizing equivalent standards, streamlining regulations, and improving access to employment and business opportunities across jurisdictions.'
According to the release, P.E.I. exports of goods to Saskatchewan were valued at more than $13.7 million while the exports of services were estimated at more than $4.9 million.
Saskatchewan imports of goods were valued at more than $12 million and their services were valued at $13 million.
Provinces across the country have been advocating for reducing interprovincial trade barriers after the United States imposed tariffs on Canada earlier this year.
For more P.E.I. news, visit our dedicated provincial page.