Falkland Islands: Fisheries Exports Tariffs

Earl of Kinnoull Excerpts

Thursday 10th July 2025 Lords Chamber

[Baroness Anderson of Stoke-on-Trent (Lab)]

I thank the noble Lord for his question. He is right on the importance to the Falkland Islands economy; it is key. Over 90% of their fishing exports are sold to the European Union, and €15 million-worth of tariffs is having a genuine effect on their economy. One of the reasons we are in this place is because the previous deal on Brexit, negotiated by the Conservative Party, explicitly ignored the British Overseas Territories. That means that we are having to do this through soft power and ongoing relationships, which is why the EU-UK reset is so important and we are seeing some of the fruition of it with Macron’s visit here today. We are doing what we can. We will continue to work closely with the Falkland Islands Government to do what we can to help and protect their economy.

[The Earl of Kinnoull (CB)]

The European Union Committee looked at this issue in 2020-21. What was interesting about it then—and I am sure that it is fairly similar now—is that the fishing grounds for the Falkland Islands were fished by ships that were largely 50% owned by Spanish interests and 50% owned by Falkland Islands interests. The catch was then landed in Spain, chiefly at the port of Vigo, and 6,000 Spanish jobs were then involved in the processing of the fish, which were sold throughout the European Union. It would seem that one of the steps towards looking at this would be to make common cause with the Spanish Government. Does the Minister agree?

[Baroness Anderson of Stoke-on-Trent (Lab)]

The noble Earl raises an important point. Obviously, as part of the EU reset, our bilateral relationships with European Union members are key. The noble Earl is right about the ownership structures of the fishing companies, although for the record it is 51% that is owned by the Falklands and 49% that is owned by the Spanish. The Falklands always have a controlling share.