Applicable percentage is rewritten as 60 percent or more
What the document says“``(I) Applicable percentage.--The term `applicable percentage' means 60 percent or more on and after December 20, 2017.''”
Section 5020 amends section 213A(b)(1)(B)(v)(I) of the Caribbean Basin Economic Recovery Act to read as the quoted text, defining applicable percentage as 60 percent or more on and after December 20, 2017.
What the document actually says“``(I) Applicable percentage.--The term `applicable percentage' means 60 percent or more on and after December 20, 2017.''”
The words applicable percentage have one meaning here. They mean 60 percent or more. That holds on and after December 20, 2017.
A trade deal can turn on how much of a good comes from a set place. That share is put in words here. The words are given one fixed meaning.
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