(II) is wholly owned by a foreign person, shall not be considered to be state-owned.
(B) The term "qualified foreign joint venture" means any person--
(i) which is registered and licensed in the agency or department of the Government of the People's Republic of China concerned with foreign economic relations and trade as an equity, cooperative, contractual joint venture, or joint stock company with foreign investment;
(ii) in which the foreign investor partner and a person of the People's Republic of China share profits and losses and jointly manage the venture;
(iii) in which the foreign investor partner holds or controls at least 25 percent of the investment and the foreign investor partner is not substantially owned or controlled by a state-owned enterprise of the People's Republic of China;
(iv) in which the foreign investor partner is not a person of a country the government of which the Secretary of State has determined under section 6 (j) of the Export Administration Act of 1979 to have repeatedly provided support for acts of international terrorism; and
(v) which does not use state-owned enterprises of the People's Republic of China to export its goods or services.
(C) The term "person" means a natural person, corporation, partnership, enterprise, instrumentality, agency, or other entity.
(D) The term "foreign investor partner" means--
(i) a natural person who is not a citizen of the People's Republic of China; and
(ii) a corporation, partnership, instrumentality, enterprise, agency, or other entity that is organized under the laws of a country other than the People's Republic of China and 50 percent or more of the outstanding capital stock or beneficial interest of such entity is owned (directly or indirectly) by natural persons who are not citizens of the People's Republic of China.
(e) PETITION FOR CHANGE IN DUTY STATUS.--Any person who ›elieves that a person should be included on or excluded from the .ist compiled by the Secretary under subsection (d) (1) may request that the Secretary review the status of such person.
!SEC. 6. EFFECT OF GATT ENTRY ON MFN STATUS.!!
Notwithstanding the entry of the People's Republic of China Into the General Agreement on Tariffs and Trade, most-favored-nation reatment shall not be automatically conferred on the products of the People's Republic of China unless the People's Republic of China
atisfies the standards described in section 3 and complies with Section 402 of the Trade Act of 1974 (19 U.S.C. 2432).
!SEC. 7. SANCTIONS BY OTHER COUNTRIES. !!
If the President decides not to seek a continuation of a waiver In 1994 under section 402 (d) of the Trade Act of 1974 for the 'eople's Republic of China, the President shall, during the 30-day ›eriod beginning on the date that the President would have
ecommended to the Congress that such a waiver be continued, Indertake efforts to ensure that members of the General Agreement on 'ariffs and Trade take similar action with respect to the People's