Brexit: The agreement between Great Britain and the EU excluded the Falkland Islands

Published 2020년 12월 27일

Tridge summary

Starting January 1, the economic production of the Malvinas Islands (The Falklands) will be subject to tariffs to enter the European Union bloc, as part of the Brexit trade agreement between Great Britain and the EU. This could significantly impact the island's squid fishing-based economy. The agreement, which excludes Britain's overseas territories with which the monarchy has "special ties," was necessary to prevent an abrupt Brexit impact on coronavirus-hit economies. Argentina's Foreign Minister, Felipe Sola, has highlighted that the Falklands were not included in Brexit negotiations, supporting Argentina's position on its sovereignty rights as per the UN resolution 2065.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

As of January 1, the economic production of the Malvinas Islands will begin to pay tariffs to enter the European Union bloc. This was established in the trade agreement between Great Britain and the European Union in the framework of Brexit, which left out the British overseas territories, among which are The Falklands Islands, which would be seriously affected by the decision. The EU and London reached an agreement the day before yesterday, December 25, on their future commercial relationship to avoid an abrupt Brexit that impacts economies hit by the coronavirus. The agreement would formally enter into force in 2021 after the parliaments of each EU member country vote on its approval. In the framework of this negotiation, the British Crown achieved a series of benefits that exclude the overseas territories with which the monarchy maintains “special ties”. The Falkland Islands are part of this group of countries that were left aside, along with Anguilla, Bermuda, the Virgin ...
Source: Rionegro

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.