Falkland Islands British military garrison is stationed on the islands, and the Falkland Islands government funds an additional company-sized light infantry Falkland Islands Defence Force. The Falklands claim an exclusive economic zone (EEZ) extending from its coastal baselines, based on the United Nations Convention on the Law of the Sea; this zone overlaps with the EEZ of Argentina. The United Kingdom and Argentina both claim the Falkland Islands. The UK bases its position on its continuous administration of the islands since 1833 and the islanders' "right to self-determination as set out in the UN Charter". Argentina's position is that it acquired the
Reassertion of British sovereignty over the Falkland Islands (1833) on the grounds of prior discovery. The next year Captain John MacBride established a British settlement at Port Egmont. The British presence in the west continued, until interrupted by Spain (who had acquired the French colony), during the Falkland Crisis from 10 July 1770 to 22 January 1771. Economic pressures led Britain to unilaterally withdraw from many overseas settlements in 1774. On 20 May 1776 the British forces under the command of Lieutenant Clayton formally took their leave of Port Egmont, leaving a plaque asserting Britain's continuing sovereignty over the islands. The Falkland Islands remained an important outpost for whalers