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G/C/W/508/Rev.2 Page 6

(A) The term ''beneficiary country'' means any country listed in subsection (b) of this section with respect to which there is in effect a proclamation by the President designating such country as a beneficiary country for purposes of this chapter.  Before the President designates any country as a beneficiary country for purposes of this chapter, he shall notify the House of Representatives and the Senate of his intention to make such designation, together with the considerations entering into such decision.

(B) The term ''entered'' means entered, or withdrawn from warehouse for consumption, in the customs territory of the United States.

(C) The term ''HTS'' means Harmonized Tariff Schedule of the United States.

(D) The term ''NAFTA'' means the North American Free Trade Agreement entered into between the United States, Mexico, and Canada on December 17, 1992.

(E) The terms ''WTO'' and ''WTO member'' have the meanings given those terms in section 3501 of this title.

(2) If the President has designated any country as a beneficiary country for purposes of this chapter, he shall not terminate such designation (either by issuing a proclamation for that purpose or by issuing a proclamation which has the effect of terminating such designation) unless, at least sixty days before such termination, he has notified the House of Representatives and the Senate and has notified such country of his intention to terminate such designation, together with the considerations entering into such decision.

(b) Countries eligible for designation as beneficiary countries; conditions

In designating countries as ''beneficiary countries'' under this chapter the President shall consider only the following countries and territories or successor political entities:

Anguilla                   Jamaica

Antigua and Barbuda        Nicaragua

Bahamas, The               Panama

Barbados                   Saint Lucia

Belize                     Saint Vincent and the

Costa Rica                 Grenadines

Dominica                   Suriname

Dominican Republic         Trinidad and Tobago

El Salvador                Cayman Islands

Grenada                    Montserrat

Guatemala                  Netherlands Antilles

Guyana                     Saint Christopher-Nevis

Haiti                      Turks and Caicos Islands

Honduras                   Virgin Islands, British

In addition, the President shall not designate any country a beneficiary country under this chapter -

(1) if such country is a Communist country;

(2) if such country -

(A) has nationalized, expropriated or otherwise seized ownership or control of property owned by a United States citizen or by a corporation, partnership, or association which is 50 per centum or more beneficially owned by United States citizens,

(B) has taken steps to repudiate or nullify -

(i) any existing contract or agreement with, or

(ii) any patent, trademark, or other intellectual property of, a United States citizen or a corporation, partnership, or association which is 50 per centum or more beneficially owned by United States citizens, the effect of which is to nationalize, expropriate, or otherwise seize ownership or control of property so owned, or           

(C) has imposed or enforced taxes or other exactions, restrictive maintenance or operational conditions, or other measures with respect to property so owned, the effect of which is to nationalize, expropriate, or otherwise seize ownership or control of such property, unless the President determines that -

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