Falkland Islands trade with the European Union and rules of origin – MercoPress

0

Trade of the Falkland Islands with the European Union and rules of origin

Saturday 23 October 2021 – 09:30 UTC

The EU is the main market in the Falklands for its fishing industry

The Falkland Islands government has published the following: “The Falkland Islands are not considered to be part of the single European market. However, under the current ADO, the islands have:

• Total freedom of access to the EC market (unlike the African-Caribbean-Pacific States) for products originating in the OCTs
• Free access to the Community market for non-originating products in circulation in the OCTs after payment of EC customs duties.
• OCTs can give preference to their inhabitants for trade in services.

The most important trade problem with the EU today is that of “rules of origin” – mainly affecting the export of fish. In the 2001 ADO, it is required that in order for fish to be exported to the EU duty-free, 50% of the crew of these vessels be EU, OCT or ACP nationals, this which is not realistic for FI vessels.

To overcome this problem, the Falkland Islands government has obtained a waiver of this requirement so that the rule does not apply to the Falkland Islands. It seems that this rule is deleted in the text of the new DAO which was published in 2014, as well as the removal of quota limits on products originating in the Falkland Islands.

Share.

About Author

Comments are closed.