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The United Kingdom Government and Government of the Falkland Islands have worked together to conduct relevant analysis on the impact of Brexit on the Falkland Island economy and fishing industry in particular.
The United Kingdom Government understands the importance of preferential access to the EU market to the prosperity of the Falkland Islands. The average EU Most Favoured Nation tariff on products caught by United Kingdom and Falkland-flagged vessels and exported to the EU would be just over 6%.
Ministers and officials have worked with counterparts across the British Overseas Territories (OTs) as they prepare to trade with the EU as non-EU associated territories, and the UK Government has been clear about its commitment to reflecting OT interests in the negotiations for the future UK-EU relationship.