State Trading Enterprise Law and Legal Definition

According to 19 USCS § 2906 (Title 19, Customs Duties; Chapter 17, Negotiation and Implementation of Trade Agreements), 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.”