### Question
What does applicable percentage mean?


### Answer
**Applicable percentage** has the following meaning in *19 U.S.C. § 3203*:

> 2 percent for the 1-year period beginning October 1, 2002, increased in each of the 4 succeeding 1-year periods by equal increments, so that for the period beginning October 1, 2006, the applicable percentage does not exceed 5 percent

#### Citation:
  - *19 U.S.C. § 3203*
  - Heading: **CHAPTER 20-ANDEAN TRADE PREFERENCE**

