Generally Accepted Accounting Principles means the recognized consensus or substantial authoritative support in the territory of a Party with respect to the recording of revenues, expenses, costs, assets and liabilities, disclosure of information and preparation of financial statements. These standards may be broad guidelines of general application as well as detailed standards, practices and procedures;
Harmonized System means the Harmonized Commodity Description and Coding System, and its legal notes, as adopted and implemented by the Parties in their respective tariff laws;
measure includes any law, regulation, procedure, requirement or practice;
national means a natural person who is a citizen or permanent resident of a Party and any other natural person referred to in Annex 201.1;
originating means qualifying under the rules of origin set out in Chapter Four (Rules of Origin);
person means a natural person or an enterprise;
person of a Party means a national, or an enterprise of a Party;
state enterprise means an enterprise that is owned, or controlled through ownership interests, by a Party; and
territory means for a Party the territory of that Party as set out in Annex 201.1.
2. For purposes of this Agreement, unless otherwise specified, a reference to province or state includes local governments.