delete British overseas territories
Extends the Bosnia and Herzegovina (Sanctions) (EU Exit) Regulations 2020 to British overseas territories listed in Schedule 1, with modifications specified in Schedule 2. Also extends certain provisions of the Sanctions and Anti-Money Laundering Act 2018 (sections 44, 52(3), and 53) to these territories for compliance purposes.
This Order extends restrictive sanctions to overseas territories, creating compliance burdens for businesses and restricting trade with Bosnia and Herzegovina. While post-Brexit UK sanctions policy is more democratically accountable than EU mandates, these sanctions themselves represent government intervention that distorts trade flows, harms ordinary citizens in the target nation disproportionately to regime elites, and imposes costs on UK businesses. The overseas territories should be free to set their own trade policies rather than being dragged into the UK's foreign policy interventions. Deleting this would restore economic freedom to these territories while maintaining UK sovereignty over its own direct foreign policy decisions.