### Question
How does TRADE BENEFITS define applicable percentage?


### Answer
Under *19 U.S.C. § 3721*, **applicable percentage** is defined as:

> 1.5 percent for the 1-year period beginning October 1, 2000, increased in each of the seven succeeding 1-year periods by equal increments, so that for the period beginning October 1, 2007, the applicable percentage does not exceed 3.5 percent

#### Citation:
  - *19 U.S.C. § 3721*
  - Heading: **CHAPTER 23-EXTENSION OF CERTAIN TRADE BENEFITS TO SUB-SAHARAN AFRICA > SUBCHAPTER II-TRADE BENEFITS**

