licences will be a major administrative burden for all concerned.
It's unclear how the penalty regime will be established. The settlement penalty for not having an export licence may well match that for an import licence - the total value of the goods, customs duty and VAT (value-added tax) shortfall.
Weapons of mass destruction
There is also expected to be legislation to control weapons of mass destruction, including penalties that could include capital punishment. This is likely to cover intangible dual-use goods - software and technology - and control over activities that are related to the export of specific dual-use goods.