Newfoundland and Labrador Premier Kathy Dunderdale announced a CAD 400 million (USD 383 million, EUR 281 million) fishery fund Tuesday as part of a move to lift rules protecting fish plant workers while securing free trade with Europe.
Dunderdale said the federal government would cover CAD 280 million (USD 268 million, EUR 196 million) of the investment for research and marketing, while the province will kick in the rest.
The deal follows concessions the premier has made toward reaching Canada's Comprehensive Economic and Trade Agreement with the European Union.