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December 16, 2009

The following statement was given today in the House of Assembly by the Honourable Ross Wiseman, Minister of Business:

Newfoundland and Labrador a Leader in Lowering Regulatory Burden

As members of this Honourable House know, our government set out in 2006 with the bold objective to reduce regulatory requirements by 25 per cent over three years. Not only was that target hit, it was exceeded, with an overall reduction of more than 27 per cent across the Provincial Government.

Our commitment to reducing unnecessary red tape and improving regulation is making a difference to those who rely on government information, services and legislation. Starting a new business, accessing career planning, filling out salmon and moose license returns, staking mineral claims, reserving a campsite, registering your car, and many more processes and requirements � it is all easier than it was before, and this is a direct result of our efforts.

Newfoundland and Labrador is being recognized as a leader in Canada for our ongoing work toward creating a better regulatory environment.

A report just released by the Fraser Institute ranked Newfoundland and Labrador number one among all provinces for having the lowest cost of government regulation. Due to keeping the regulatory burden and ease of compliance in check, this province has one of the most positive investment climates in Canada. This is important. As we diversify our economy, bring more projects to fruition, expand industries, and attract new investment from outside the province, we must continue to demonstrate that we are open and ready for business.

I am also pleased to report that Newfoundland and Labrador�s progress was highlighted at recent Federal-Provincial-Territorial meetings on regulatory reform. Our government�s continuous assessment of all new legislative and policy proposals through a regulatory impact analysis is one example of our leadership in this area.

We succeeded in meeting and surpassing our three-year target. But don�t think for a minute that our government�s commitment ends there. In fact, it continues in full force. We are as diligent as ever in ensuring that improvements are implemented, that redundant and outdated legislation is repealed, and that there is zero net growth in regulatory requirements on an ongoing basis.

Building a better regulatory environment takes long-term commitment. Through the work of dedicated public service employees and the cooperation of stakeholders, that is exactly what our government is demonstrating.

2009 12 16                                 2:20 p.m.

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