DEFINITION OF DEVELOPING AND LEAST-DEVELOPED COUNTRY.

SEC. 267. DEFINITION OF DEVELOPING AND LEAST-DEVELOPED COUNTRY. Section 771 (19 U.S.C. 1677), as amended, is amended by adding at the end the following new paragraph: “(36) Developing and least developed country.— “(A) Developing country.—The term ‘developing country means a country designated as a developing country by the Trade Representative. “(B) Least developed country.—The term least developed country means a country which the Trade Representative determines is— “(i) a country referred to as a least developed country within the meaning of paragraph (a) of Annex VII to the Subsidies Agreement, or “(ii) any other country listed in Annex VII to the Subsidies Agreement, but only if the country has a per capita gross national product of less than $1,000 per annum as measured by the most recent data available from the World Bank. “(C) Publication of list—The Trade Representative shall publish in the Federal Register, and update as necessary, a list of— “(i) developing countries that have eliminated their export subsidies on an expedited basis within the meaning of Article 27.11 of the Subsidies Agreement, and “(ii) countries determined by the Trade Representative to be least developed or developing countries. “(D) Factors to consider.—In determining whether a country is a developing country under subparagraph (A), the Trade Representative shall consider such economic, trade, and other factors which the Trade Representative considers appropriate, including the level of economic development of such country (the assessment of which shall include a review of the country’s per capita gross national product) and the country’s share of world trade. “(E) Limitation on designation.—A determination that a country is a developing or least developed country pursuant to this paragraph snail be for purposes of this title only and shall not affect the determination of a country’s status as a developing er least developed country with respect to any other law.”.