delete Customs (Prohibited Exports) Regulations (Amendment)
Amendment to the Customs (Prohibited Exports) Regulations, updating the list of goods prohibited from export and related control mechanisms
Export prohibitions violate economic liberty and private property rights by preventing willing sellers from accessing global markets. They impose compliance costs on businesses, distort trade incentives, and reduce national prosperity by artificially constraining production and export opportunities. The paternalistic assumption that the government can better allocate goods than the market creates deadweight losses and unintended consequences such as black markets and reduced investment.