Colombia - Bound rate

Bound rate, simple mean, manufactured products (%)

Bound rate, simple mean, manufactured products (%) in Colombia was 34.81 as of 2020. Its highest value over the past 25 years was 34.81 in 2020, while its lowest value was 34.58 in 2002.

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
1995 34.71
1996 34.62
1997 34.62
1998 34.62
1999 34.62
2000 34.62
2001 34.62
2002 34.58
2003 34.58
2004 34.58
2005 34.58
2006 34.58
2007 34.58
2008 34.80
2009 34.80
2010 34.80
2011 34.80
2012 34.80
2013 34.78
2014 34.78
2015 34.78
2016 34.78
2017 34.81
2018 34.81
2019 34.81
2020 34.81

Bound rate, simple mean, all products (%)

Bound rate, simple mean, all products (%) in Colombia was 42.84 as of 2020. Its highest value over the past 25 years was 42.84 in 2020, while its lowest value was 41.85 in 2002.

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.

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

See also:

Year Value
1995 41.94
1996 41.89
1997 41.89
1998 41.89
1999 41.89
2000 41.89
2001 41.89
2002 41.85
2003 41.85
2004 41.85
2005 41.85
2006 41.85
2007 41.85
2008 42.00
2009 42.00
2010 42.00
2011 42.00
2012 42.00
2013 42.71
2014 42.71
2015 42.71
2016 42.71
2017 42.84
2018 42.84
2019 42.84
2020 42.84

Bound rate, simple mean, primary products (%)

Bound rate, simple mean, primary products (%) in Colombia was 65.82 as of 2020. Its highest value over the past 25 years was 66.99 in 2001, while its lowest value was 65.43 in 2013.

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. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).

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

See also:

Year Value
1995 66.50
1996 66.99
1997 66.99
1998 66.99
1999 66.99
2000 66.99
2001 66.99
2002 66.50
2003 66.50
2004 66.50
2005 66.50
2006 66.50
2007 66.50
2008 65.93
2009 65.93
2010 65.93
2011 65.93
2012 65.93
2013 65.43
2014 65.43
2015 65.43
2016 65.43
2017 65.82
2018 65.82
2019 65.82
2020 65.82

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs