Australia - Bound rate, simple mean, manufactured products (%)

Bound rate, simple mean, manufactured products (%) in Australia was 12.08 as of 2020. Its highest value over the past 24 years was 12.30 in 2006, while its lowest value was 11.82 in 1996.

Definition: Simple mean bound rate is the unweighted average of all the lines in the tariff schedule in which bound rates have been set. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.

Source: World Bank staff estimates using the World Integrated Trade Solution system, based on data from World Trade Organization.

See also:

Year Value
1996 11.82
1997 11.82
1998 11.82
1999 11.82
2000 11.82
2001 11.82
2002 12.30
2003 12.30
2004 12.30
2005 12.30
2006 12.30
2007 12.22
2008 12.22
2009 12.22
2010 12.22
2011 12.22
2012 12.25
2013 12.25
2014 12.25
2015 12.01
2016 12.01
2017 12.08
2018 12.08
2019 12.08
2020 12.08

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs