TILMA requires the Governments of Alberta and British Columbia to:
- Mutually recognize or reconcile existing standards and regulations that restrict or impair trade, investment or labour mobility.
- Not establish new standards or regulations that could restrict or impair trade, investment or labour mobility.
- Reduce differences in standards or regulations that achieve legitimate objectives.
- Notify each other of standards and regulations that may affect interprovincial trade, investment and labour mobility.
In addition to tackling differences, TILMA specifically calls on the provincial governments to work together to enhance sustainable development, consumer protection, environmental protection, health and safety standards and labour standards.