Thursday, June 7, 2018

On Monday June 4, 2018, OMB Director Mick Mulvaney and OIRA Administrator Neomi Rao met with our counterparts from the Treasury Board of Canada Secretariat to discuss regulatory cooperation between our countries and to sign a Memorandum of Understanding reaffirming the principles and commitments of the U.S.-Canada Regulatory Cooperation Council (RCC). Through the elimination of unnecessary regulatory differences, this MOU promotes economic growth, innovation, competitiveness, and job creation.

“As the President and Prime Minister reiterated last year, regulatory relations between the United States and Canada remain a priority with the Trump Administration. We have uniquely connected economies that together generate billions of dollars a day. An open dialogue on regulatory policy is necessary for our continued economic success,” said OMB Director Mick Mulvaney.

The MOU follows through on a commitment issued by President Trump and Prime Minister Trudeau in their joint statement on February 13, 2017, which said that our two countries “will continue our dialogue on regulatory issues and pursue shared regulatory outcomes that are business-friendly, reduce costs, and increase economic efficiency without compromising health, safety, and environmental standards.”

“This Memorandum of Understanding with our friends from Canada highlights the importance of regulatory cooperation. Reducing regulatory burdens promotes more effective, limited government, which contributes to economic growth and stimulates innovation. Identifying and eliminating unnecessary or duplicative regulations can help businesses and consumers on both sides of the border,” said OIRA Administrator Neomi Rao.

You can view the MOU here: https://www.whitehouse.gov/wp-content/uploads/2018/06/US-CanadaMOU.pdf  

For more information about the RCC, please visit www.trade.gov/rcc