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5.1 There are three components to a TRQ: a low duty rate, a minimum access commitment (or "import access quantity") allowed entry at that rate, and a higher duty rate. Imports at the low "within access commitment" rate of duty for beef and veal are duty-free. The global minimum access commitment for beef and veal is 76,409,000 kilograms, within which there are two country-specific reserves: an allocation of 29,600,000 kilograms reserved for imports from New Zealand (NZ) and an allocation of 35,000,000 kilograms reserved for imports from Australia. The balance of the TRQ, 11,809,000 kilograms (known as the MFN reserve), is reserved for imports from all other eligible suppliers, including those from New Zealand and Australia once their country-specific allocations are filled. Goods imported in excess of the minimum access commitment may incur the higher "over access commitment" rate of duty, which is 26.5%. For the purpose of administering the beef and veal TRQ, the quota year is the calendar year.
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