FI & the EU
The relationship between European Union (EU) and Overseas Countries and Territories (OCTs), including the Falkland Islands, is defined by the 2001 Overseas Association Decision (OAD). The OAD covers many aspects, such as trade, aid and other financial support, human rights, rule of law etc. A special 'associate' status with the EU is designed to help the OCTs' economic and social development.
The OAD establishes the relationship between the OCTs and the EU. The 2001 OAD focused on promotion of economic and social development and on three particular issues: reduction, prevention, and eventual eradication of poverty; sustainable development; and the gradual integration of the OCTs into the regional and world economies. This agreement expired at the end of 2013 and the current OAD came into effect on the 1st January 2014. The current OAD places emphasis on the environment and has a renewed focus on economic development.
The UK Overseas Territories, including the Falkland Islands will cease to be covered by the OAD once the UK has left the EU.
The Policy & Economic Development Unit is currently supporting MLAs in discussions with the UK Government to get the best possible Brexit deal for the Falkland Islands, in conjunction with the UK Representative at FIGO.
For more information on the potential impact on the Falkland Islands please visit: www.brexitfalklands.gov.fk
For further information please contact:
Andrew Gaule, Director of Policy & Economic Development
Phone: +500 28421
Richard Hyslop, UK Falkland Islands Representative
Phone: +44 207 222 2542