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Premier Reaffirms Memorandum of Understanding with Zhejiang Province of China

From the Department of Innovation, Business, and Rural Development:

In support of partnership and trade opportunities between Newfoundland and Labrador and the Zhejiang Province of China, a Memorandum of Understanding (MOU) was reaffirmed during a mission to China in June. The MOU was signed by the Honourable Kathy Dunderdale, Premier of Newfoundland and Labrador, and Governor Li Qiang of the Zhejiang Province. “The cooperation between provinces will promote opportunity for improved collaboration and exploration of trade and investment opportunities in key sectors between Newfoundland and Labrador and the Zhejiang Province in China,” said Premier Dunderdale. “This agreement focuses interests on Newfoundland and Labrador and provides our province with special recognition in this thriving region of China, a significant advantage in the global market place.”

Zhejiang Province is the third largest exporter in China and is a center for manufacturing, shipping, finance and was recently designated as one of three Marine Economic Zones in China. The MOU will revitalize the cooperation originally agreed to in an MOU signed in April 2001. It will identify opportunities to strengthen cooperation in education, culture, fisheries, aquaculture and general economic development. Areas related to economic development include trade promotion, agriculture, science and technology, forestry, small and medium sized enterprises and oceans. The MOU also encourages education cooperation between institutions. Memorial University of Newfoundland and Labrador also signed three MOUs in Zhejiang Province related to post-secondary education.

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