Madam Speaker, I will answer that question in detail.
Every year, internal barriers to trade and labour mobility cost our country nearly $200 billion each year. That is a staggering figure for people here and at home. That represents lost opportunities, lost investments and lost growth. Now imagine what we could do with that $200 billion. We could have stronger communities, thriving communities and better-paying jobs for Canadians. That is not just an economic stat; it is really a call to action for people in here and in the country.
That is why our government made a clear commitment to remove the unnecessary trade barriers and build a strong and more unified Canada from coast to coast, and we are keeping that promise. In June we passed the Free Trade and Labour Mobility in Canada Act and eliminated all federal exceptions in the Canadian Free Trade Agreement.
With that, we sent a clear message: Canada is open for business, not just globally but internally as well. We heard from businesses and workers across the country, and their message was crystal clear: Stop duplicating rules, reduce red tape and make trade within Canada easier.
The Liberal government leads by example. Where federal regulations stand in the way of free movement, where they overlap with provincial rules or impose unnecessary burdens, we are removing them. We are committed to doing our part. If something is good enough in one province or territory, it does not require additional federal red tape. That is fairness, that is common sense and that is true leadership.
We are fast-tracking the regulatory process. Over the summer we consulted with businesses, workers, territories, provinces and everyday Canadians. Their voices are reflected in how we will implement the new legislation. We are not working alone. At their June 2025 meeting, the Prime Minister and the premiers committed to concrete actions to build one Canadian economy.
Together with the provinces and territories through the Committee on Internal Trade, we are doing the following: One, finalizing a mutual recognition agreement on consumer goods to be in place by December; two, expanding mutual recognition in the trucking sector to align regulations and reduce transportation costs; and three, implementing a 30-day service standard for recognizing professional credentials across the provinces so Canadians can move, work and succeed wherever opportunity calls.
These are not just bureaucratic changes; they are real reforms that will unleash Canadians' potential. They will allow our businesses to grow, our workers to move freely, and our economy to operate in one united, efficient and resilient market, because no one should be penalized for doing business across provincial lines, and no Canadian should be held back by arbitrary rules when seeking opportunity elsewhere in their own country.
Further, the government has brought together industry, premiers, provincial governments and labour to coordinate on areas where we can cut red tape, increase trade and support Canadian businesses. This has included, most recently, a trucking hackathon aimed at reducing barriers in the trucking industry, as well as a summit focused on supporting Canadian steel and shipbuilding industries in building new vessels here in Canada. That is the vision of a modern Canada, united not just in spirit but in practice.
We are building the kind of economic future that Canadians deserve, one without internal walls, one with shared prosperity and one where every Canadian has the freedom to work, thrive and trade.