DEFINITIONS AND CONFORMING AMENDMENTS.

SEC. 1107. DEFINITIONS AND CONFORMING AMENDMENTS. (a) Definitions.— For purposes of this part: (1) The term “distortion” includes, but is not limited to, a subsidy. (2) The term “foreign country” includes any foreign instrumentality. Any territory or possession of a foreign country that is administered separately for customs purposes, shall be treated as a separate foreign country. (3) The term “GATT” means the General Agreement on Tariffs and Trade. (4) The term “implementing bill” has the meaning given such term in section 151(b)(1) of the Trade Act of 1974 (19 U.S.C. 2191(b)(1)). (5) The term “international trade” includes, but is not limited to— (A) trade in both goods and services, and 102 STAT. 1135 (B) foreign direct investment by United States persons, especially if such investment has implications for trade in goods and services. (6) The term “state trading enterprise” means— (A) any agency, instrumentality, or administrative unit of a foreign country which— (i) purchases goods or services in international trade for any purpose other than the use of such goods or services by such agency, instrumentality, administrative unit, or foreign country, or (ii) sells goods or services in international trade; or (B) any business firm which— (i) is substantially owned or controlled by a foreign country or any agency, instrumentality, or administrative unit thereof, (ii) is granted (formally or informally) any special or exclusive privilege by such foreign country, agency, instrumentality, or administrative unit, and (iii) purchases goods or services in international trade for any purpose other than the use of such goods or services by such foreign country, agency, instrumentality, or administrative unit, or which sells goods or services in international trade. (b) Conforming Amendments.— (1) Section 151(b)(1) of the Trade Act of 1974 (19 U.S.C. 2191(b)(1)) is amended by striking out “section 102” and inserting “section 102 of this Act or section 1103(a)(1) of the Omnibus Trade and Competitiveness Act of 1988”. (2) Section 121 of the Trade Act of 1974 (19 U.S.C. 2131) is amended by striking out subsections (a), (b), and (c).