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<p>The Australia Free Trade Agreement (FTA) includes various instruments to protect
British agricultural interests. Quotas on products such as beef set a maximum level
for tariff-free imports for up to 10 years. Product specific safeguards for beef and
lamb allow the UK to impose higher tariffs when imports exceed a certain threshold
in years 10 to 15. On lamb, quota and safeguard volumes can be periodically reduced
by 25% when fill rates are high. Additionally, a general bilateral safeguard mechanism
allows for the temporary withdrawal of tariff preferences which will protect industry.</p>
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