Thursday, 07 June 2018 08:04

Canada and USA sign MOU for regulatory cooperation

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On June 4 2018, the Honourable Scott Brison, President of the Treasury Board of Canada, and Peter Wallace, Secretary of the Treasury Board, joined with the Honorable Mick Mulvaney, Director of the US Office of Management and Budget, and the Honorable Neomi Rao, US Office of Information and Regulatory Affairs Administrator, to reaffirm this commitment by signing a Memorandum of Understanding (MOU) for the Regulatory Cooperation Council (RCC). This MOU also establishes a foundation for the ongoing work and growth of the RCC, which is a practical and proven bilateral forum for resolving regulatory barriers and improving business investment between Canada and the United States. Businesses will continue to benefit from the removal of unnecessary costs and duplicate requirements, as well as better market access. Consumers can benefit from timely access to products with consistent quality and safety standards.

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