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
Falkland Islands In 1881, the Falkland Islands became financially independent of Britain. For more than a century, the Falkland Islands Company dominated the trade and employment of the archipelago; in addition, it owned most housing in Stanley, which greatly benefited from the wool trade with the UK. In the first half of the 20th century, the Falklands served an important role in Britain's territorial claims to subantarctic islands and a section of Antarctica. The Falklands governed these territories as the Falkland Islands Dependencies starting in 1908, and retained them until their dissolution in 1985. The Falklands also played a minor role in