tober 2002)
election results: percent of vote-NA; seats-independents 8

Judicial branch: Supreme Court, chief justice is non-resident

Political parties and leaders: none; all independents

International organization participation: ICFTU

Diplomatic representation in the US: none (dependent territory of the
UK, also claimed by Argentina)

Diplomatic representation from the US: none (dependent territory of
the UK, also claimed by Argentina)

Flag description: blue with the flag of the UK in the upper hoist-side
quadrant and the Falkland Island coat of arms in a white disk centered
on the outer half of the flag; the coat of arms contains a white ram
(sheep raising is the major economic activity) above the sailing ship
Desire (whose crew discovered the islands) with a scroll at the bottom
bearing the motto DESIRE THE RIGHT

@Falkland Islands (Islas Malvinas):Economy

Economy-overview: The economy was formerly based on agriculture,
mainly sheep farming, which directly or indirectly employs most of the
work force. Dairy farming supports domestic consumption; crops furnish
winter fodder. Exports feature shipments of high-grade wool to the UK
and the sale of postage stamps and coins. Rich stocks of fish in the
surrounding waters are not presently exploited by the islanders. So
far, efforts to establish a domestic fishing industry have been
unsuccessful. The economy has diversified since 1987, when the
government began selling fishing licenses to foreign trawlers
operating within the Falklands exclusive fishing zone; overfishing is
a growing problem. These license fees total more than $40 million per
year and support the island's health, education, and welfare system.
To encourage tourism, the Falkland Islands Development Corporation has
built three lodges for visitors attracted by the abundant wildlife and
trout fishing. The islands are now self-financing except for defense.
The British Geological Survey announced a 200-mile oil exploration
zone around the islands in 1993, and early seismic surveys suggest
substantial reserves capable of producing 500,000 barrels per day. An
agreement between Argentina and the UK in 1995 seeks to defuse
licensing and sovereignty conflicts that would dampen foreign interest
in exploiting potential oil reserves.

GDP: purchasing power parity-$NA

GDP-real growth rate: NA%

GDP-per capita: purchasing power parity-$NA

GDP-composition by sector:
agriculture: NA%
industry: NA%
ser