Falkland Islands

Agricultural Industry

Meat production and wool exports are a key source of income for farmers in the Falkland Islands.

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We need a good deal for Falkland Islands meat and wool exports...

As a result of the Overseas Association Decision, the Falkland Islands benefit from tariff and quota free access for meat products exported to the EU. In 2018, the EU27 was the destination for 1/3 of our meat exports.

Combined with wool production and exports, the agriculture sector is the second largest employer in the Falkland Islands after the public sector.

The impact of a no deal or bad deal Brexit on our meat exports

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.

The impact of a no deal or bad deal Brexit on our wool exports

The EU does not currently levy tariffs on raw wool imports, regardless of their country of origin. Even in the event of the UK leaving the EU without any free trade agreement or deal, based on all the currently available evidence, the Falkland Islands Government expects this situation to remain unchanged.

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