To ask Her Majesty's Government what assessment they have made of the impact on Falkland Islands (1) agriculture, and (2) meat product exports to EU27 markets if World Trade Organisation tariffs were imposed; whether they estimate that there would be an annual loss to that industry; and if so, what they estimate such a loss would be.
The EU's non-preferential import duty on sheep meat is 12.8 per cent, plus a fixed amount, on average, of €155.68 per 100kg, depending on the cut. Implementation of such terms may render this trade no longer profitable. However, the majority of Falkland meat exports go to the UK and the Government will maintain duty-free access to the UK market post-EU Exit for all goods originating in British Overseas Territories, which will ensure the Falkland Islands' meat industry remains viable. The EU does not levy tariffs on raw wool imports.