delete The Sanctions (Isle of Man) (Revocations) Order 2024
This Order extends to the Isle of Man and revokes six sanctions orders: the Global Human Rights Sanctions (Isle of Man) Order 2020, Global Anti-Corruption Sanctions (Isle of Man) Order 2021, Myanmar (Sanctions) (Isle of Man) Order 2021, Haiti (Sanctions) (Isle of Man) Order 2022, Iran (Sanctions) (Isle of Man) Order 2023, and Haiti (Sanctions) (Isle of Man) (Amendment) Order 2023. It takes effect on 3rd October 2024.
Sanctions are trade restrictions that distort market incentives, impose compliance costs on businesses, reduce exports and economic activity, and often have unintended consequences such as harming ordinary citizens in targeted countries while elites find workarounds. Post-Brexit, Britain should not maintain术EU-derived sanctions regimes that restrict commerce — if the UK wishes to exert diplomatic pressure, targeted diplomatic measures are less distorting than economic sanctions that suppress trade.