If the UK were to leave the EU without any free trade agreement or deal, meat exports from the Falkland Islands into the EU would, at best, be subject to the World Trade Organisation (WTO) agreement on agriculture. This would result, on average, in meat exports to the EU being subjected to WTO tariffs of 12.8%, plus a fixed amount, on average, of €155.68 per 100kg, depending on the cut (corresponding to an overall levy of about 42%).
The WTO agreement on agriculture allows such high tariffs on meat exports, that the EU would no longer be a profitable market for the Falkland Islands.
This would result in annual losses in revenue of revenue of up to 30% and have a direct negative impact on employment levels in the Islands and the wider economy.